An $8 million Ethereum hack hit recent renowned cryptocurrency exchange HTX, formerly known as Huobi.

Justin Sun, founder of the HTX cryptocurrency exchange, reported that the platform, formerly known as Huobi, was the victim of a cyberattack on Sunday. As a result, a total of 5,000 Ethers, valued at approximately $8 million, were lost.

According to Sun, the fact was detected immediately and HTX has fully reimbursed the losses, ensuring that the funds are safe. This was announced by Sun on the social media platform X, formerly known as Twitter, on September 25.

The compromised wallet appears to have been one of the most used on HTX, having received around $500 million in deposits from Binance since its creation in March. This was detailed in the Arkham data.

Those Responsible for the Hong Kong JPEX Cryptocurrency Exchange Scandal Continue to Evade Authorities

Although 11 people have already been questioned in connection with the case, those responsible behind the alleged scandal at the Hong Kong JPEX cryptocurrency exchange. Some describe this event as the biggest financial scam that has ever affected the city, they continue to evade the authorities.

According to a report by the South China Morning Post, the police have received more than 2,265 complaints from victims of the exchange, with a total estimated value of around USD 178 million (1.4 billion Hong Kong dollars).

The complaints appear to be related to difficulties withdrawing cryptocurrencies from the platform. On September 15, the JPEX exchange increased its withdrawal fees to 999 USDT.

So far, the list of people who have reportedly been detained for questioning includes cryptocurrency influencer Joseph Lam Chok, who has made numerous attempts to publicly distance himself from the exchange.

Police have also arrested three employees of JPEX’s tech support company, along with two YouTubers, Chan Wing-yee and Chu Ka-fai, who have a combined total of more than 200,000 followers, in connection with the scandal.

CoinShares Report Reveals Divergence in Cryptocurrency Investments Between Americans and Europeans

A recent CoinShares report sheds light on a marked “divergence in sentiment from a regional perspective” when it comes to cryptocurrency investments.

This discrepancy is especially noticeable when comparing investors based in Europe with their counterparts in the United States. Which is probably due to the notable regulatory differences between both regions, as explained in the report.

While Europe has seen a weekly investment of around $16 million into various crypto products, the United States has withdrawn approximately $14 million from the cryptocurrency market.

Blockchain Experts Detected Ether Transactions for More Than USD 3.9 Million

Blockchain tracking profiles shared details of a transaction involving 400 ETH, valued at $632,000. This, from Vitalik’s wallet to Coinbase on September 25. According to Spot On Chain, this latest transaction from Buterin is part of a series of ETH deposits on centralized exchanges over the last 10 days.

“@VitalikButerin deposited 400 $ETH to #Coinbase at $1,579 ($632K) 2hrs ago. Notably, Ethereum’s co-founder has deposited a total of 2,421 $ETH to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days. 👉 More details:”

“Notably, Ethereum’s co-founder has deposited a total of 2,421 $ETH to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days,” Spot On Chain added.

The blockchain analysis platform estimates that from September 15 onwards, Buterin has deposited approximately 2,421 ETH, equivalent to USD 3.94 million.

By Audy Castaneda


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