Huobi HTX has resumed normal operations after the hack, with deposits and withdrawals being gradually reopened in an orderly manner
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Huobi HTX has resumed normal operations after the hack, with deposits and withdrawals being gradually reopened in an orderly manner
Huobi plans to officially announce the airdrop details on December 15.
Navigating Web3 tides with focused insightsIt has been two weeks since Huobi HTX suffered a hacker attack. After a brief period of FUD, Huobi HTX has successfully returned to normal operations.
On the day the attack occurred, Huobi HTX's security team initiated a comprehensive security investigation and quickly implemented emergency measures to safeguard user assets. Notably, Huobi HTX solemnly committed to fully compensating all losses incurred as a result.
As of December 8, Huobi HTX has successfully restored deposit and withdrawal services for major cryptocurrencies including BTC, ETH, USDT, TRX, as well as most tokens on the ERC20 and TRC20 networks. For the remaining tokens, the security team is conducting orderly deployment and expects to fully restore related services soon.
These measures demonstrate Huobi HTX's efficient and swift response in dealing with the hacker attack, providing users with more reliable security assurance. Over time, Huobi HTX will continue its efforts to ensure platform stability and the safety of user assets.
Security attacks are common in the crypto market
In the cryptocurrency market, security issues have always been a shared challenge. According to SlowMist’s statistics, there were 47 recorded security incidents in November alone, resulting in total losses of $349 million. Since attacks have existed since the inception of cryptocurrencies, only sufficiently robust exchanges can ensure the safety of user assets.
In handling this recent hacking incident, Huobi HTX chose to follow security firms' recommendations and gradually reopened asset deposit and withdrawal functions—a responsible approach toward protecting user assets. While this strategy may be relatively conservative, it prioritizes safety. In fact, the loss caused by the attack was negligible compared to Huobi’s total assets. Huobi maintains a high reserve policy for user assets, ensuring their absolute safety.
Notably, Huobi also pledged full compensation for any potential losses users might incur from the HTX and Poloniex attacks, sending a strong message about the security of user funds. Huobi has consistently upheld a 100% reserve policy, offering users a secure and reliable trading environment.
Huobi HTX emphasizes the security of user assets and expresses willingness to work together with industry participants to jointly address security challenges, ensuring user trust and asset protection. Throughout this process, user trust is regarded as Huobi HTX’s most valuable asset.
Huobi HTX operational data continues to rise
As of December 8, operational data disclosed by Huobi HTX shows that Huobi HTX’s total assets increased by 8.21% compared to the previous week, demonstrating a clear rebound trend. Not only trading-related assets but also wealth management assets are showing significant growth. This indicates that the negative impact of the hacker attack on Huobi HTX has been successfully eliminated.
Huobi's retained assets have clearly rebounded, surpassing $3.44 billion as of the afternoon of December 8 and continuing an upward trend. This further proves the effectiveness of Huobi HTX in handling the security incident and the gradual restoration of user confidence in the platform.
Notably, Huobi's registered user count has seen substantial growth, especially after announcing an epic airdrop, where new registrations doubled. Influenced by FOMO surrounding the airdrop, users have accelerated their migration to Huobi. This not only highlights Huobi’s market appeal but also reflects growing confidence in the platform's security.
Since the exposure of the attack on November 22, Huobi HTX has taken proactive measures, promptly issuing announcements to inform users of the situation. In addition to continuously updating progress on incident resolution, Huobi resumed deposit and withdrawal services just two days later. The recovery in Huobi’s operational data not only confirms effective handling of the security incident but also shows that user trading confidence is gradually returning—laying a solid foundation for Huobi HTX’s future development.
An epic airdrop you can't miss
Amid the volatility of the crypto market, the epic airdrop opportunity revealed by Huobi represents a once-in-a-lifetime chance for early positioning. Due to security concerns, Huobi released this information early, offering all users a unique opportunity.
Now, attention should shift to how to participate in this epic airdrop rather than over-worrying about Huobi’s fund issues. According to Huobi’s registration data, some savvy users have already started early positioning and are no longer overly focused on deposit and withdrawal matters. This epic airdrop will be distributed based on "Rocket Value," which is determined by the amount of assets investors hold on the Huobi platform. Therefore, users simply need to quickly deposit assets into Huobi and patiently wait for the airdrop distribution.
According to reliable sources, Huobi plans to officially announce detailed airdrop information on December 15. Now is the time to focus on early participation in the airdrop instead of dwelling excessively on deposit/withdrawal or security concerns. Past experience shows that security incidents often only scare away inexperienced market participants, while for informed users, such events represent an excellent opportunity to enter early.
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