Over $86M drained after HTX Global’s HECO Bridge security breach
Over $186 Million drained in a HECO Bridge-related hack. The HECO Bridge is a crucial link for transferring funds between Ethereum and the Heco Chain. Projects associated with blockchain entrepreneur Justin Sun are facing ongoing hacking challenges. In a recent development, the HECO chain bridge, built by the HTX Global exchange has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86 million. On-chain security platform Cyvers Alerts identified the movement of funds, pointing to a potential exploit in the HECO chain. 🚨Code Red!🚨 (Ongoing)Our AI powered system has detected multiple suspicious transactions from @HECO_Chain bridge Suspicious address has received around $85M. Suspicious address: https://t.co/JlMClIM7hg First transaction is 10,145 $ETH from @HECO_Chain bridge to suspicious… pic.twitter.com/IwpqXvhCsU — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) November 22, 2023 ...