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## Cryptocurrency exchange HTX resumes BTC transactions after hack

Cryptocurrency exchange HTX, which was recently hacked, has reinstated deposits and withdrawals of Bitcoin (BTC) after initially halting the transactions. The Justin Sun linked exchange halted the transactions following a hack last week, resulting in a loss of about $30 million worth of digital assets.

### Reinstatement of Transactions

Sun confirmed the news on X (formerly Twitter), stating that deposits and withdrawals were back for multiple cryptocurrencies. This includes Bitcoins, Ethereum, TRX, and Tether, among others. The majority of the work has been accomplished, and the exchange aims to restore the remaining currencies gradually in the next few days, with all work expected to be completed by next week.

### Services Resumed and Airdrop Plans

In an official statement, HTX informed its users that withdrawal services had resumed for certain cryptocurrencies via the ERC20 blockchain. Additionally, the exchange also notified its users of a planned extraordinary token airdrop.

The airdrop will utilize a snapshot of usersÔÇÖ Rocket values, determined on the basis of a 30-day average balance in USDT. Each USDT is equivalent to 1 Rocket, with holders of quality assets like BTC, TRX, HT, and ETH having their Rocket Values multiplied. The exchange said the details of the airdrop event will come in early December.

### AI legalese decoder

With the rise in cryptocurrency-related hacks, users are increasingly concerned about the safety and security of their digital assets. AI legalese decoder can help users stay informed about the legal aspects of their investments and understand the implications of recent hacks on various platforms. It can provide insights into the legal responsibilities of exchanges like HTX, and help users make informed decisions to protect their cryptocurrency investments.

## Fourth hack in two months targeting SunÔÇÖs crypto empire

The HTX hack is the fourth in two months to target Sun-controlled crypto platforms. On the same day as the HTX hack, HECO Chain, which consists of Tron, HTX, and BitTorrent, was hacked, with $86.6 million stolen. Sun said the exchange would fully compensate the affected users, assuring them of the security protection of all of their funds.

On November 10, Poloniex, another Sun-owned crypto exchange, was drained for $100 million. The hack was attributed to a compromise of the exchangeÔÇÖs private key. The hack follows another on September 24, where HTX lost almost $8 million immediately after rebranding from Huobi Exchange.

The repeat hacks have thrown Sun into the spotlight over the past weeks as users call for enhanced security measures. The Tron founder has taken to social media to reassure users, informing them of the progress of investigations and resumption of services.

AI legalese decoder offers a comprehensive understanding of the legal implications of these repeated hacks on Sun’s crypto empire. It can help users decipher legal announcements and navigate the complexities of investing in platforms with a history of breaches and security flaws. This tool can empower users with the knowledge to assess the risks and safeguard their investments effectively.

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