NullMeridianLog

22 Nov 2023

HTX: Hot Wallet Attack; Exchange Says It Will Fully Compensate

HTX: on 22 Nov 2023 it confirmed a hot-wallet attack on HTX and the Heco bridge path. Justin Sun said HTX would fully compensate; deposits and withdrawals temporarily suspended.

  • Event date
  • Incident typeExchange hot-wallet incident
  • Bug classNot yet published
  • Published

Loss, as sourced

HTX/Justin Sun stated a hot-wallet attack and full compensation. Contemporary secondary reports cited figures from ~$13.6M to ~$30M; HTX's own linked support posts are treated as primary for the fact of the incident, not for a single figure.

Traceability

Primary sources

  1. 01htx.comHTX announcement on HTX and HECO attack (opens in a new tab)
  2. 02htx.comHTX further explanation (opens in a new tab)

In brief

Root cause: Not fully published in the cited announcements. HTX describes a hacker attack on hot-wallet related assets and the Heco cross-chain bridge context.

Timeline, as sourced: Per HTX/Sun: 22 Nov disclosure; deposits/withdrawals suspended; pledge to restore within 24 hours and fully compensate.

Account, as sourced

Claimed (HTX): community assured funds are secure and compensation forthcoming.

Unknown: definitive loss total from HTX's own accounting in the cited pages.

Summaries of public sources as of the published date; except where marked (on-chain), not independently verified by NullMeridian. Figures are the sources’ own and are attributed; where sources disagree, each is given. Sources may since have changed. Not legal, financial or investment advice.