Justin Sun’s HTX Resumes Operations Following DDoS Attack 

The attack impacted HTX’s newly-launched decentralized autonomous organization, HTX DAO.

Justin Sun posing victoriously infront of a matrix style binary code digital background.
Created by Gabor Kovacs from DailyCoin
  • Crypto exchange HTX and HTX DAO experienced an outage following a cyber attack in the early hours of today,
  • The Justin Sun-linked firms have announced the resumption of operations.
  • Sun’s centralized exchange, Poloniex, was also attacked months ago.

Cyberattacks have long plagued the industry, with malicious actors constantly lurking in the shadows and seeking the next victim to prey upon. The latest casualty is the crypto exchange HTX, which fell victim to a distributed denial-of-service attack in the early hours of Friday, January 19.

The firms have successfully resumed operations following downtime and operation and service disruption.

HTX and HTX DAO Recover Post-Attack

In a tweet, HTX global advisor Justin Sun announced restoring services on the exchange following a 15-minute outage caused by a DDoS attack.

The attack also affected HTX’s recently launched decentralized autonomous organization, HTX DAO, unveiled just a day before the incident.

While the attack’s origin remains undisclosed, Justin Sun emphasized that all users’ funds are intact, adding that the exchange “remains standing”.

This isn’t the first incident involving exchanges linked to Justin Sun in recent months. The TRON founder’s centralized exchange, Poloniex, suffered an attack in November, resulting in a temporary halt of operations and a loss of nearly $100 million.

Read more about the challenges linked to HTX and users exit:
Justin Sun’s HTX Exchange Faces $258M Outflow After Hack

Find out more on the SEC’s approach to Ethereum ETFs following Bitcoin ETF approval:
SEC Delays Ethereum ETF Decision; Fidelity to Wait 45 Days

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.