Justin Sun-related crypto platforms hacked 4 times in 2 months

Tron creator Justin Suns crypto organizations have come under repeated attack from hackers over the previous two months, with a minimum of four hacks of the largest exploits targeting platforms associated with the crypto entrepreneur.Suns HTX crypto exchange has actually been hacked a minimum of two times since the platform rebranded from Huobi on Sept. 13, 2023. The very first HTX hack occurred just a few days after the rebranding, with an unidentified assailant stealing almost $8 million in crypto on Sept. 24, 2023. In its second hack, HTX apparently lost $13.6 million due to a hot wallet breach in an incident that affected the wider HTX, Tron and BitTorrent ecosystem. Formerly understood as Huobi, HTX was obtained by Sun in October 2022. The hackers have likewise focused on other Sun-related cryptocurrency platforms, including Sun-owned cryptocurrency exchange Poloniex and Huobis HTX Eco Chain (HECO) bridge.Poloniex suffered a significant security breach on Nov. 10, when aggressors took at least $100 million in cryptocurrency from the exchange. Sun, who acquired business in 2019, reported on X (formerly Twitter) that Poloniex disabled the wallet. According to the blockchain security firm CertiK, the occurrence was likely a “private crucial compromise.” Huobis HECO chain bridge, a tool created for moving digital assets between HECO and other networks like Ethereum, also suffered an enormous breach. On Nov. 22, unidentified hackers compromised HECO, sending at least $86.6 million to suspicious addresses.The platforms lost a combined sum of around $208 million in all four hacks over the past 2 months. Regardless of Tron creator Suns pledge to compensate losses for all four occurrences, some crypto enthusiasts have actually advised the neighborhood to remain away from Poloniex and HTX, with numerous questioning who may be included in the hacks.One crypto observer argued that Sun is “plainly in big trouble,” keeping in mind that Poloniex has been closed for five days and HTX offers 100% interest on cryptocurrencies like Bitcoin.HTXs interest offering for Bitcoin. Source: HTX EarnRelated: KyberSwap DEX exploited for $46 million, TVL tanks 68% HTX did not instantly react to Cointelegraphs ask for comment.The ongoing speculation comes months after the United States Securities and Exchange Commission submitted a civil lawsuit versus Tron Founder Sun, charging him and his business like Tron and BitTorrent for scams and other securities law violations in March 2023. A U.S. court subsequently issued a summons to Suns Singapore address worrying the case in April 2023. In August, the SEC stated that its lawsuits versus Sun was ongoing.Magazine: How to safeguard your crypto in an unpredictable market– Bitcoin OGs and experts weigh in