Justin Sun Announces Airdrop For HTX and Poloniex Users Following Exploit

Published: Nov 24, 2023
Written By:
Vignesh Karunanidhi
Milk Road Writer

Cryptocurrency exchange Poloniex and its native token HTX were the targets of hacker attacks earlier this month, prompting the platform to temporarily suspend deposits and withdrawals.

Now, Poloniex’s owner, Justin Sun, has announced plans to compensate affected users as services resume.

In a recent tweet, Justin Sun said Poloniex and HTX “approach opening deposit and withdrawal” functionality on the exchange. He also revealed plans for an “epic airdrop for users with assets” and apologized to those impacted by the attacks.

Justin Sun announces airdrop

“My deepest apologies to the users affected by the hacker attacks on HTX and Poloniex,” Sun wrote. Additionally, he mentioned that they would cover the loss and that all assets are safe.

Key details:

  • Poloniex exchange and HTX token suffered hacker attacks earlier in November
  • Platform halted deposits and withdrawals during investigation
  • Owner Justin Sun pledges to make users whole and says assets are safe
  • Surprise airdrop planned for users as services and operations to resume soon

The attacks on Poloniex and HTX underscore the risks even for large, established cryptocurrency platforms. Poloniex suffered a major breach on Nov 10. On-chain data has shown that the attackers looted over $125 million.

The lost assets include $56 million in Ethereum, $48 million in TRX, and $18 million in Bitcoin. A recent tweet from Poloniex reveals that the exchange will resume deposit and withdrawal services on November 30th, 2023, at 02:00 (UTC).

While hacks were more common in crypto’s early days, security remains a major concern given the irreversible and semi-anonymous nature of blockchain transactions.

Vignesh Karunanidhi
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.