HTX (formerly Huobi) has recovered the crypto funds stolen by a hacker in late September and honored its 5% white hat bonus offer to the hacker. On September 25, the exchange was vulnerable and 5,000 ETH were drained from one of its hot wallets. HTX contacted the attacker and offered a 5% white hat bonus with an ultimatum of seven days, which elapsed on October 2, 2023.On Saturday, October 7, HTX adviser Justin Sun confirmed that the exchange had received the entire funds stolen by the hacker and paid the hacker a white hat reward of 250 ETH (about $410,000). The hacker left a message via one of the recovery transactions, which is believed to be an explanation of how they managed to drain one of the exchange’s hot wallets and how to avoid future occurrences. HTX also sent its own message alongside the 250 ETH white hat bounty, asking the hacker to submit a security vulnerability analysis report.September was a difficult month for the cryptocurrency industry, with around $332 million in crypto assets lost to exploits, exit scams, and flash attacks. CoinEx Global lost nearly $70 million in crypto assets to an exploit, while Mixin Network suffered the most significant attack in September, with $200 million drained from the decentralized finance protocol. Mixin Network offered a bug bounty award of $20 million in exchange for the hacker returning the stolen goods.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Justin Sun, CertiK Alert
Companies	Certik, CoinEx Global, HTX (formerly Huobi), X (formerly Twitter), Mixin Network
Currencies	Bitcoin, Ethereum, Huobi
Securities	None