- Justin Sun assures complete security for user assets on HTX and Poloniex after a $200 million hack.
- Bitcoin (BTC) and Tron (TRX) are the only cryptocurrencies available for withdrawal, causing higher prices.
- HTX and Poloniex announce a $1 USDT airdrop to address user concerns and report high trading volumes.
Prominent crypto figure, Justin Sun reassured users that their assets on HTX and Poloniex are completely secure despite a recent cyberattack that resulted in the theft of over $200 million from both platforms. While some assets are now available for withdrawal, certain altcoins are still locked. Bitcoin (BTC) and Tron (TRX) are currently the only cryptocurrencies that can be withdrawn. This limited availability has caused both BTC and TRX to trade at higher prices on Poloniex in recent weeks. As a result, users may need to accept a reduction of up to 10% in order to convert their assets and make a withdrawal.
Following a cyberattack on November 10th, which saw hackers steal $114 million from Poloniex’s hot wallets, and an additional $97 million taken from HTX and the blockchain protocol Heco Chain.
Justin Sun, an investor in Poloniex and an advisor for HTX, provided an update on the situation. He mentioned that both Poloniex and HTX have successfully recovered from the hack, gradually allowing withdrawals for each token. Regarding HTX, approximately 95% of the assets’ value in terms of USD has been restored, while Poloniex has reinstated about 85% of the assets’ value in terms of USD.
“And also be aware, since we have already covered all of the loss of tokens in the platform, on HTX and Poloniex, 100% of assets are 100% safe. Even though in terms of exchanges itself, we need to basically earn those profits in the future. But for customer assets, it’s 100% safe.”
Justin Sun
An HTX spokesperson reassured, “The recent outflow represents a small fraction of our total reserves, and HTX remains in stable, healthy operation.”
To address the concerns of users with funds on both exchanges, HTX and Poloniex have announced an airdrop with a value of $1 in tether (USDT). They will take a snapshot, and users will receive one airdropped token for every U.S. dollar worth of tokens they hold on the exchange. In the last 24 hours, HTX has facilitated $1.6 billion in trading volume, while Poloniex has accumulated $843 million in trading volume, as reported by CoinMarketCap.
