HTX

Profile narrative

HTX, also known by its former name Huobi, functions as a cryptocurrency exchange that enables users to buy, sell, and trade a variety of digital assets, including Ethereum and other tokens. The platform provides order matching, wallet services, and market data to traders worldwide. Its headquarters are located in the Philippines, from where it coordinates its operational and support functions. The exchange offers access to both retail and institutional participants seeking exposure to the crypto market.

In September 2023, HTX experienced a security breach in which attackers withdrew approximately 5,000 Ether, valued at around eight million dollars, from the exchange's hot wallets. Following the incident, the exchange's representatives stated that user losses would be fully covered and that normal operations continued without interruption, while also noting that the financial impact amounted to roughly two weeks of platform revenue. A blockchain security firm first alerted the public to the theft after having been unable to reach the exchange through prior contact attempts, which drew attention to the event. The timing of the breach, occurring shortly after the exchange rebranded from Huobi to HTX, prompted criticism from members of the crypto community and commentary from industry figures. HTX emphasized its commitment to asset safety and sought to reassure users despite the negative publicity surrounding the event. These details constitute the publicly known facts about the exchange's recent security incident and its response.

Incidents

1 incident linked to this organisation.