The post Security Breach Hits HECO Chain Bridge appeared on BitcoinEthereumNews.com.

A recent security breach has rocked the HECO Chain ecosystem, with over $86.6 million in digital assets being siphoned off to suspicious addresses. The incident has prompted swift action from Tron founder Justin Sun, who has pledged full compensation for affected users and temporarily suspended deposits and withdrawals as an investigation unfolds. HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX’s hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured. We are investigating the specific reasons for the hacker… — H.E. Justin Sun 孙宇晨 (@justinsuntron) November 22, 2023 The HECO Chain Bridge compromise Blockchain security platform PeckShield has raised the alarm on a significant security breach within the HECO Chain ecosystem. According to their findings, more than $86.6 million worth of digital assets were illicitly transferred from the HECO Chain bridge to addresses that have raised suspicion.  The breach came to light when PeckShield detected a transaction involving 10,145 Ether (ETH), equivalent to approximately $19 million, being funneled from the bridge to an unknown destination. Subsequent transactions involved various other digital assets, including USD Coin (USDC), Chainlink (LINK), Shiba Inu (SHIB), among others, being sent to obscure addresses. #PeckShieldAlert Suspicious huge withdrawal of 10,145 $ETH (~$19m) from #Heco_Bridge. @justinsuntron Note the tx is initiated by the operator. Looks like a compromised operator?https://t.co/thBVveuL6X pic.twitter.com/th4Ui0FO3A — PeckShieldAlert (@PeckShieldAlert) November 22, 2023 Immediate response from Tron and HECO Chain In response to this alarming breach, Tron founder Justin Sun has stepped forward to reassure affected users. Sun announced that HTX, the native cryptocurrency of the HECO Chain, will fully compensate users who have incurred losses due to the hack. As a precautionary measure, the company has temporarily suspended deposits and withdrawals on the HECO Chain while a…

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Filed under: News - @ November 22, 2023 3:26 pm