Justin Sun Confirms $83.4 Million HECO Bridge Hack: What You Need to Know

The HECO bridge from Justin Sun’s HTX, formerly Huobi, has suffered a massive hack, leading to the loss of over $83 million in crypto assets, including 346 billion. This incident has sent shockwaves through the crypto community, raising serious concerns about the security of cross-chain bridges and the overall vulnerability of digital asset platforms.

According to the latest on-chain data, the Heco Cross-Chain Bridge has fallen victim to a hacker attack. HECO Bridge, via Justin Sun’s Wednesday, November 22 post on X, suffered an exploit leading to a $83 million loss worth of crypto assets. The bridge is affiliated with HTX, previously known as Huobi.

The founder of HTX, Justin Sun, authenticated the violation through a social media update, disclosing substantial losses to HTX's hot wallet. In his statement, Justin Sun confirmed the $83.4 million figure and assured users that HTX is taking immediate steps to address the situation and recover the stolen funds.

Following this incident, HTX is working to enhance security protocols and investigate the root cause of the hack. While details are still emerging, the scale of the HECO bridge from Justin Sun’s HTX, formerly Huobi, has suffered a massive hack, leading to the loss of over $83 million in crypto assets underscores the importance of robust security measures within the cryptocurrency ecosystem. Stay tuned for further updates as HTX works to resolve the situation and prevent future breaches. HTX Sam Wisdom Raphael

This hack serves as a stark reminder of the risks associated with cross-chain bridges and the need for constant vigilance in the face of evolving cyber threats. Investors are advised to exercise caution and stay informed about the security measures implemented by their chosen platforms.