The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November.

Crypto investors have been moving their assets away from crypto exchange HTX (formerly Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million.

Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange had some $258 million in net outflows, according to data from DefiLlama.

DefiLlama data shows HTX’s reserves comprise 32.3% Bitcoin BTC tickers down $42,212 and 31.8% Tron TRX is the native currency of the Tron network, a blockchain launched by Sun in 2017.

At the time of publication, HTX is the 16th largest crypto exchange by daily trading volume, with a total of $1.6 billion in trading volume in the last 24 hours, per CoinMarketCap data.

Following HTX’s restart on Nov. 25, Sun promised any affected HTX users that they would be fully compensated for the hot wallet losses and said a probe was underway.
Over the past two months, HTX and other Sun-linked entities, such as crypto exchange Poloniex and the HTX Eco Chain (HECO) bridge, have been hacked a total of four times.

The first HTX hack occurred less than two weeks after the exchange rebranded itself to HTX, with an unknown attacker stealing nearly $8 million in crypto on Sept. 24, 2023.

Source - Coin Telegraph