Tags: Huobi

Huobi Korea Announces Closure Citing Challenging Business Environment

The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial.

Hong Kong High Court Rules Against Huobi Global in Trademark Infringement Lawsuit

The Justin Sun-linked crypto exchange HTX had $258 million in outflows after a $30 million exploit in November.

The Financial Conduct Authority warns that the crypto exchange is operating without proper authorization.

Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week.

"Huobi HTX has now properly handled this attack," the crypto exchange stated.

Justin Sun’s cryptocurrency exchange HTX has been hacked twice since rebranding from Huobi in September 2023, raising questions from the crypto community.

The incident affected the greater HTX, Tron, and BitTorent ecosystem.

Despite a weak quarter for the industry, HTX’s CEO claims his firm brought in profits 14% more than the last one.

HTX (formerly Huobi) reports Q3 2023 revenue of $24.75M, allocating 20% for token burn (~2M HT tokens).

A Saudi Prince, Chinese Government Officials, and Thai Prostitutes: Former Alameda Research CEO’s Damning Testimony Continues against Sam Bankman-Fried

FCA warns 145 digital asset companies, including Huobi-owned HTX and KuCoin, expanding regulations for cryptoasset service providers.

The FCA’s list of registered crypto asset providers includes 42 entities and hasn’t changed since August.

All funds have been replenished, and the attack has been treated as a white-hat incident.

HTX was drained of 5,000 ETH in late September, and moved swiftly to get the funds back from the hacker.

Crypto experts believe the unending hack incidents are damaging the industry’s reputation.

To minimize the damage, HTX proactively offered 5 of the drained funds as a “white-hat bonus,” which would amount to nearly $400,000.

The exchange has already covered the losses, which are just a small part of its total assets.

HTX crypto exchange has been hacked, but claims to know the identity of the attacker.

Huobi Crypto Exchange Rebrands to HTX to Mark 10-Year Anniversary – Here’s the Latest