Tron founder Justin Sun's cryptocurrency ventures have faced a barrage of hacks within the past two months, marking at least four breaches across platforms associated with the crypto tycoon.
Sun's HTX crypto exchange, formerly known as Huobi and rebranded on September 13, 2023, encountered two significant hacking incidents. Shortly after its rebranding, the first breach struck HTX, resulting in an unknown attacker pilfering nearly $8 million in cryptocurrency on September 24, 2023.
The subsequent hack targeted HTX's hot wallet, initially reported as a $13.6 million breach but later confirmed to be a $30 million loss. Sun had acquired HTX, formerly Huobi, in October 2022.
The hacking incidents didn't stop there. Other cryptocurrency platforms linked to Sun, such as the Poloniex exchange and the HTX Eco Chain (HECO) bridge, faced similar attacks. Poloniex, under Sun's ownership since 2019, underwent a severe breach on November 10, with attackers swiping over $100 million in cryptocurrency. Sun confirmed via X (formerly Twitter) that Poloniex disabled the affected wallet, with CertiK, a blockchain security company, suggesting a potential "private key leak."
The turmoil extended to HTX's HECO Chain bridge, which facilitates digital asset transfers between HTX and diverse networks like Ethereum. On November 22, unidentified hackers breached the HECO Chain, directing a staggering $86.6 million to dubious addresses.
