HTX Restores Crypto Deposit, Withdrawal Services After Recent Hacking Incident

Crypto Withdrawal

Monday, November 27, 2023 8:55 AM UTC

HTX, which was formerly known as Huobi Global, resumed deposit and withdrawal services for its users. Justin Sun, a Chinese-born Grenadian cryptocurrency entrepreneur, announced the services' resumption. The crypto exchange has been linked to him, but his exact connection to the company is not clear.

HTX Fulfilled Its Promise of Swift Action

According to The Crypto Times, Sun confirmed that HTX is now allowing transactions on its platform again. In particular, the deposits and withdrawals of most cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and Tether (USDT), are now fully functional on the site.

The availability of the services means the company was able to fulfill its promise to its customers after HTX was hacked recently. Shortly after the incident, the crypto firm told users it would restore the operations within 24 hours.

“The majority of the work has been accomplished, and we aim to restore the remaining currencies gradually in the next few days, with all work expected to be completed by next week,” Sun wrote in a post on X, formerly Twitter. “We apologize for any inconvenience this may have caused and thank you for your patience. Please stay updated by following the announcements on http://htx.com.”

HTX Starts Rebuilding Trust After Hacks

FXDaily Report reported that after resuming most of its functionality for major cryptocurrencies, HTX started working on regaining the trust of the customers and the entire crypto community. This is because the company has been attacked many times already, and its losses are growing due to security breaches.

HTX assured its customers that it will strengthen its security further and create procedures that will protect all users. The company also said it will continue to work for full recovery and improvements to restore overall user confidence.

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