HTX Sees $258 Million in Net Outflow Since Resuming Operations Last Month Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month. The breach resulted in the
loss of $30 million worth of crypto tokens and prompted HTX to temporarily halt withdrawals and deposits.
According to DefiLlama data,
the substantial outflow occurred between the exchange’s November 25 restart and December 10, indicating that some clients were not reassured after the security incident. Despite the exchange’s assurances of a thorough investigation and a commitment
to fully compensate for the losses from HTX’s hot wallet, concerns persist among users. Justin Sun, a key figure linked to HTX,
is also associated with the Poloniex exchange and the HECO Bridge, both of which experienced hacks in November, resulting in the theft of approximately $200 million in crypto. Sun has faced scrutiny,
with the TRX token from the Tron blockchain, which he launched in 2017, at the center of US fraud allegations. The Securities and Exchange Commission filed a lawsuit
in March accusing Sun and his firms of market manipulation to artificially inflate TRX trading activity.
