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BlockNews
Home BREAKING NEWS

Huobi Global Hot Wallet Compromised, $7.9 Million Stolen

BlockNews Team by BlockNews Team
September 25, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 1 min read
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Cyvers Alerts has detected a suspicious transaction involving Huobi Global and HTX Global.

To no avail, Cyver has attempted to contact Huobi for comment regarding the transaction. The transaction under scrutiny involved the transfer of 5,000 ETH, equivalent to approximately $7.9 million, originating from HuobiGlobal’s hot wallet.

Upon thorough investigation, Cyver uncovered an announcement on HTX Global’s support page regarding a hot wallet migration. The investigation revealed that one of Huobi’s hot wallets was compromised, resulting in a substantial loss of $7.9 million. Huobi Global has made an offer by extending a 5% white hat bonus to the hacker involved.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: HackHTX GlobalHuobi Global
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