{"id":23686,"date":"2023-09-26T09:13:27","date_gmt":"2023-09-26T09:13:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hacker-offered-5-as-a-white-hat-incentive\/"},"modified":"2023-09-26T09:13:27","modified_gmt":"2023-09-26T09:13:27","slug":"hacker-offered-5-as-a-white-hat-incentive","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hacker-offered-5-as-a-white-hat-incentive\/","title":{"rendered":"hacker offered 5% as a white hat incentive"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695718167857-df32c132-19db-4e33-ac87-cf499427586c-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695718167857-df32c132-19db-4e33-ac87-cf499427586c-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695718167857-df32c132-19db-4e33-ac87-cf499427586c-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695718167857-df32c132-19db-4e33-ac87-cf499427586c-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>HTX cryptocurrency exchange was formerly Huobi.<\/li>\n<li>The hacker made away with ETH worth around $7.9 million.<\/li>\n<li>HTX\u2019s native token experienced a slight decline after the hack.<\/li>\n<\/ul>\n<p>In a recent security breach, cryptocurrency exchange HTX (formerly Huobi) fell victim to a hacker, resulting in the loss of $7.9 million in Ether (ETH) as covered in our <a href=\"https:\/\/coinjournal.net\/news\/huobi-global-suffers-8-million-hack\/\">previous news<\/a>.<\/p>\n<p>The incident, which occurred on a Sunday, was promptly identified, and the exchange\u2019s advisor, Justin Sun, announced that HTX had taken immediate measures to cover the losses and ensure the safety of user funds.<\/p>\n<p>HTX\u2019s vigilant monitoring system detected the hack as soon as it transpired. This quick response enabled the exchange to secure all user assets and address the issue without delay, restoring normal trading operations.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">HTX <a href=\"https:\/\/twitter.com\/HTX_Global?ref_src=twsrc%5Etfw\">@HTX_Global<\/a> has suffered a loss of 5,000 <a href=\"https:\/\/twitter.com\/hashtag\/Eth?src=hash&amp;ref_src=twsrc%5Etfw\">#Eth<\/a>  ($8 million USD) due to a hacker attack. HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues. All user assets are <a href=\"https:\/\/twitter.com\/hashtag\/SAFU?src=hash&amp;ref_src=twsrc%5Etfw\">#SAFU<\/a> and the platform is operating completely normally.<\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748?ref_src=twsrc%5Etfw\">September 25, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Hacker offered a white hat incentive<\/h2>\n<p>To recover the stolen funds and encourage the hacker to act as a \u201cwhite hat\u201d (an ethical hacker who helps improve security), HTX took a proactive approach. The exchange offered the hacker a unique opportunity: a 5% \u201cwhite hat bonus,\u201d amounting to nearly $400,000, to return the pilfered assets. This offer was, however, presented with a seven-day deadline for compliance.<\/p>\n<p>In an additional show of goodwill, HTX went a step further, extending an invitation to the hacker to join the exchange as a security white hat advisor. This dual offer demonstrated HTX\u2019s commitment to recovering the funds and enhancing its security measures.<\/p>\n<h2>Putting the hack in perspective<\/h2>\n<p>While the $7.9 million loss may appear substantial, it represents only a fraction of the vast wealth entrusted to HTX. The exchange safeguards approximately $3 billion in assets for its users, making the stolen amount equivalent to just two weeks\u2019 worth of revenue for the HTX platform.<\/p>\n<p>Despite the security incident, HTX\u2019s native token, HT, continues to trade, with a current value of $2.43. It\u2019s worth noting that the token experienced a slight decline of 1.24% after the hack, but has since stabilized.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/htx-hack-hacker-offered-5-as-a-white-hat-incentive\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) HTX cryptocurrency exchange was formerly Huobi. The hacker made away with ETH worth around $7.9 million. HTX\u2019s native token experienced a slight decline after the hack. In a recent security breach, cryptocurrency exchange HTX (formerly Huobi) fell victim to a hacker, resulting in [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23686"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23686"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23687"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}