Justin Sun says HTX and Poloniex will offer ‘epic airdrop’ following exchange hacks

Share This Post

Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, announced plans to reward users and cover losses on Nov. 24.

In a statement on X, Sun wrote:

“As HTX and Poloniex approach opening deposit and withdrawal, we will initiate an epic airdrop for users with assets. Please stay tuned! My deepest apologies to the users affected by the hacker attacks on HTX and Poloniex. We will cover the loss and all assets are are SAFE.”

HTX confirmed the airdrop and provided further details. It wrote that airdrop amounts will be based on a snapshot of users’ 30-day average asset balance in USDT — referred to by the company as “Rockets.” The exchange added that users who hold assets related to the company such as HTX Token (HT) and Tron (TRX), as well as users holding Bitcoin (BTC) and (ETH), will have their Rocket values multiplied.

HTX did not reveal which cryptocurrency the airdrop will distribute but said that the offer will involve a premium asset that it will soon list.

The announcement says that the airdrop is meant to “express … gratitude for your ongoing support,” meaning that the airdrop is an additional distribution intended to reward customers who did not withdraw their balances throughout the incident. It is unclear whether HTX must directly compensate any user account balances.

TRX access and various deposits restored

HTX and Poloniex were targeted in two attacks in November. Poloniex lost $120 million on Nov. 10; it plans to reopen deposits and withdrawals on Nov. 30.

HTX lost an estimated $13.6 million in an Nov. 22 attack. It said at the time that it intended to restore withdrawals and operations within 24 hours.

The exchange appears to have only partially accomplished this, as Sun said in another statement HTX has resumed Tron (TRX) deposits and withdrawals.

HTX confirmed that statement, adding that it has reopened deposits for select cryptocurrencies on the Ethereum and Tron blockchains including its own HT and HUSD tokens, several major stablecoins, and numerous other assets.

The post Justin Sun says HTX and Poloniex will offer ‘epic airdrop’ following exchange hacks appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana (SOL) Eyes Major Breakout After Holding $120 Support Level – Details

Popular crypto analyst Peter Brandt has unveiled a bullish outlook for Solana predicting the prominent altcoin may be set for a significant price surge in future weeks This price forecast comes in a

Bitcoin Coinbase Premium Turns Deep Red: What Does It Mean?

Data shows the Bitcoin Coinbase Premium Gap has turned negative recently Here’s what this could mean for the asset’s price Bitcoin Coinbase Premium Gap Has Just Observed A Deep Plunge

Computer Scientist: China’s Crypto Crackdown Spurred Decentralization of Asia’s Web3 Infrastructure

Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China’s crackdown on the crypto industry, which led to its loss of dominance in bitcoin mining, has resulted in the

Bitcoin Hype Remains Low Even After $63,000 Surge: Green Sign For Rally?

Data shows the social media users have yet to show excessive hype around the latest Bitcoin rally, a sign that could be positive for its sustainability Bitcoin Sentiment Ratio Has Spiked, But Value

Ethereum Is Not The Best Solution For Payments, Says PayPal’s Head Of Crypto — Here’s Why

Ethereum (ETH) is not the best solution for payments, according to PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies (BCDC) unit, Jose Fernandez da Ponte Ethereum Falls Short

Bittensor (TAO) Unstoppable Uptrend: Soars 40% As Experts Forecast Future Price Gains

Decentralized blockchain network Bittensor and its native token, TAO, have shown significant upward momentum over the past month, consistently outperforming major cryptocurrencies such as Bitcoin and