Using better negotiation tactics, the HTX team successfully recovered the stolen money.
HTX is a popular crypto exchange. This exchange was a Chinese crypto exchange and was launched under the name “Huobi Global”, but after the blanket crypto ban in 2021 under the jurisdiction of mainland China, this exchange moved all its services outside of China. A few weeks ago, the Huobi exchange team changed the name of the exchange to HTX exchange.
On September 24, 2023, an unknown Chinese hacker took advantage of the HTX crypto exchange and successfully emptied nearly $7.9 million in crypto assets.
The HTX team sent a message in Chinese to the hacker, confirming that the exchange was aware of the explorer’s identity and offering to keep 5% of the stolen funds and return the rest of the funds.
“We have confirmed your true identity. Please return the money to 0x18709E89BD403F470088aBDAcEbE86CC60dda12e. We offer you a 5% white hat bonus. This offer is valid for 7 days and expires on October 2, 2023. If you do not repay the money within the specified period, we will request judicial intervention,” HTX exchange wrote.
Finally, on October 7, 2023, the HTX operator sent 4,997 ETH back to the HTX exchange within the deadline.
Popular Crypto Detective ZachXBT reported this information and the HTX team asked the hacker to provide details on how he managed to exploit the platform.
Huobi token price action
Huobi token (HT) is a native crypto token of the HTX exchange and this token offers various types of incentives to the crypto traders in the form of compensation on this exchange.
The current trading price of the HT token is $2.32 and this trading price is 3.31% lower than the last 7 days trading price.
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