📰 Yello Paradisers! 

Huobi, a major cryptocurrency exchange that recently rebranded to HTX, has suffered a significant security breach, leading to the leakage of user mnemonics and private keys. Let’s get into the details.

📰 The Breach

According to Wu Blockchain reports, the breach was discovered when a hacker address linked to a compromised user account showed a loss of $1.39 million on September 2. The iToken system subsequently issued warnings to users about potential security risks associated with certain wallet addresses.

📰 Damage Control

To protect user assets, a security agency teamed up with Refundyourcoins and successfully transferred the compromised funds to a secure address. Refundyourcoins is now preparing to launch a retrieval function to help affected users recover their assets. This function will cover four major blockchain networks: BTC, ETH, TRX, and XRP.

📰 Previous Incidents

This isn’t the first time Huobi has faced security issues. A similar data breach occurred in June 2021, exposing user assets and critical technical information. Despite the rebranding to HTX, the official website will retain the Huobi name, aiming to refresh the exchange’s identity while maintaining familiarity for its user base.

📰 Trojan Threats

The crypto space continues to be plagued by Trojan viruses disguised as legitimate software. These malware variants aim to gain unauthorized access to users’ systems through social engineering tactics, highlighting the need for robust security measures.

📰 The Takeaway

This incident serves as a stark reminder of the importance of strong security protocols in the cryptocurrency space. Always be cautious and make sure to use secure methods for storing and transacting your digital assets.

Stay safe, Paradisers! 🌴