HTX Crypto Exchange Suffers DDoS Attack, Justin Sun Says Funds Are Safe

The crypto exchange HTX was hit by a Distributed Denial of Service (DDoS) attack on Friday, causing a temporary disruption of its website and services. However, the exchange’s advisor and crypto billionaire Justin Sun assured users that their funds were safe and that the website had been restored.

Sun, who is also the owner of Poloniex and the founder of Tron (TRX), tweeted about the incident and thanked users for their support. He also claimed that all funds were “SAFU”, a term coined by Binance CEO Changpeng Zhao to indicate that funds are secure.

Htx.com and @HTX_DAO have been attacked by DDoS. We expect to restore services within tens of minutes. All funds are SAFU.

All services of http://Htx.com have been restored. Thank you for your concern and support! All funds are SAFU!

This is not the first time that HTX and Poloniex have faced security issues. In recent months, both platforms have suffered multiple attacks and hacks, resulting in significant losses of crypto assets.

In November, Sun confirmed that the HTX and HECO cross-chain bridge had been hacked, with on-chain data suggesting that it had lost upwards of $80 million in crypto. In December, Poloniex was hacked by an unknown group, who stole over $125 million worth of crypto from its users.

Despite these setbacks, Sun has vowed to compensate all affected users at HTX and Poloniex through an “Epic airdrop”, entirely funded by the profits at both platforms. He has also pledged to improve the security and performance of both exchanges, and to continue to innovate in the crypto space.

HTX is a decentralized exchange that runs on the HECO chain, a public blockchain launched by Huobi. It claims to offer fast, secure, and low-cost transactions for various crypto assets. Poloniex is a centralized exchange that supports over 100 cryptocurrencies and offers advanced trading features. Tron is a blockchain platform that aims to create a decentralized internet and entertainment ecosystem.

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