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Justin Sun's HTX Services Restored After Exchange Hit by 'DDoS' Attack

Sun then followed up around 15 minutes later saying that all services on HTX had been restored

By Jamie Crawley
AccessTimeIconJan 19, 2024 at 12:51 p.m. UTC
Updated Mar 8, 2024 at 8:13 p.m. UTC
Consensus 2019 Justin Sun CEO TRON (CoinDesk)
Consensus 2019 Justin Sun CEO TRON (CoinDesk)

Crypto exchange HTX and the HTX DAO (decentralized autonomous organization) restored their services after it was hit by a distributed denial-of-service attack on Friday.

Justin Sun, crypto mogul and HTX advisor, said that the services were restored after a nearly 15-minute outage in a post on his X account.

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    • A DDoS attack is designed to force an online service offline, by flooding it with many requests, consuming its capacity with the goal of it being unable to respond to legitimate requests.

    HTX was also hacked on Nov. 10 last year in an attack that saw around $97 million stolen from the exchange and blockchain protocol Heco Chain.

    Read More: Crypto Crime Amounted to Over $24B in 2023: Chainalysis

    Edited by Parikshit Mishra.


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter
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