Justin Sun, the founder of Tron and an investor in Poloniex, has said that the assets of users on both crypto exchanges are “100% safe” after a series of hacks that resulted in more than $200 million being stolen last month. According to CoinDesk, hackers targeted the hot wallets of HTX and Poloniex on Nov. 10 and Nov. 30, respectively, and managed to siphon off $97 million from HTX and $114 million from Poloniex in various cryptocurrencies.
According to Sun, HTX has successfully restarted its operations, restoring approximately 95% of its assets’ USD value. Meanwhile, Poloniex has managed to recover close to 85% of its value. Justin underscored that, despite the exchanges’ need to regain future earnings, the security of customer assets is fully guaranteed.
Sun Says That Both Exchanges Have Restored Their Operations
Sun confirmed the incidents on X and said that both exchanges have recovered from the hack and are resuming the withdrawals and deposits of the affected tokens. He also said that the exchanges will fully reimburse the users who lost their funds and are exploring opportunities for collaboration with other platforms to facilitate the recovery of the stolen assets.
A representative from HTX has emphasized that the recent withdrawal represents only a small fraction of their total reserves, reinforcing that HTX continues to function stably and healthily. To assuage the worries of those who have funds on HTX and Poloniex, both exchanges have declared an airdrop of $1 worth of tether (USDT) for every U.S. dollar value of tokens held.
This airdrop is intended to restore confidence among users and showcase the platforms’ dedication to securing assets. Despite the hacking event, HTX and Poloniex have sustained considerable trading volumes. HTX has overseen a significant $1.6 billion in trades in the last 24 hours, while Poloniex has documented $843 million, as stated by CoinMarketCap.
