Tron (TRX) founder Justin Sun says he’ll offer a 5% reward if the hackers who stole nearly $8 million worth of Ethereum (ETH) from his exchange HTX decide to return the crypto.

HTX is the newly rebranded name of Huobi, the Seychelles-based trading giant that Sun says he’s an advisor for.

It remains unclear whether Sun has an actual ownership stake in HTX, though he’s reportedly used hundreds of millions of dollars of his personal fortune to back the exchange.

Hackers hit HTX over the weekend for approximately 4,999 ETH worth $7.9 million, according to the blockchain security firm PeckShield.

Sun says the exchange has “fully covered the losses” and resolved all issues related to the hack.

“$8 million represents a relatively small sum in comparison to the $3 billion worth of assets held by our users. It also amounts to just two weeks’ revenue for the HTX platform.

We detected the hack immediately after the incident yesterday (6 pm SGT 9/24/2023) and took swift action to prevent any losses. As a result, all funds are secure, and trading operations have continued as usual. We promptly addressed and resolved all issues, restoring the platform to its normal state without delay.

We are willing to offer 5% of the stolen amount ($400,000) as a white hat reward to encourage the hacker to return the stolen funds. If the hacker returns the funds, we will also hire them as a security white hat advisor for HTX.”

Sun also says if the funds are not returned within a week the exchange will pass along info about the exploit to law enforcement.

Generated Image: Midjourney

The post Justin Sun Offers 5% Reward for Hackers That Stole $8,000,000 From Crypto Exchange HTX appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ September 27, 2023 3:03 pm