Huobi Advisor Justin Sun Announces Fresh Measures After $8 Million Ethereum Hack
Huobi, now known as HTX Global, suffered a hack resulting in the loss of 5,000 ETH worth $8 million. In response, the company's advisor, Justin Sun, announced measures to address the situation, including the establishment of a SAFU fund to prepare for future losses. Sun emphasized the platform's commitment to user asset security and announced a Twitter Space to discuss the exchange's security. The hack is one of several recent incidents in the crypto industry, including a $40 million Bitcoin hack by North Korea's Lazarus Group and a $200 million crypto asset hack on Mixin Network.
