It’s shaping up to be a big week.
Two crypto platforms rekt already… and that was just Monday.
In a thread oozing with His Excellency’s typical arrogance, Sun brushed off the loss as a drop in the ocean compared to the $3B of assets held on the platform, also noting the stolen amount represents “just two weeks' revenue” for the exchange.
What do they say about people in glass houses again?
Do we really have to get to ZTX before we hit the bottom?
As often is the case with hacks of centralised exchanges, details of the attack vector are scant.
we have implemented real-time monitoring mechanisms to prevent such losses.
You’d have thought an exchange holding $3B in user assets (as Sun claims) would already have this kind of system in place, right?
But given that Sun tends to use Huobi to YOLO mind-boggling sums of crypto around on a daily basis (presumably part of his duties as some kind of self-proclaimed crypto superhero), such a system might have set off alarm bells a little too often.
There appears to be a sudden wave of bad news coming out of the asian crypto markets recently.
Will this $7.9M drop in the ocean turn out to be a simple case of ‘4’ for Huobi?
Or are there bigger things to come?
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