4 hours ago
SINGAPORE, Feb. 23, 2025 /PRNewswire/ – In the wake of the recent $1.5 billion hack affecting a major cryptocurrency exchange, HTX hosted a live discussion on X and its Global Advisor Justin Sun addressed the growing security concerns in the cryptocurrency industry. The discussion, titled “Together Against Industry Crisis, Is There a Best Solution for the Security of the Crypto Industry?” featured insights from leading security firms SlowMist and GoPlus Security, as well as prominent KOLs. Security: A Top Priority for HTX Sun stressed that security is a “top priority”, demanding constant vigilance and learning. He illustrated how hacker tactics have evolved, from early hot wallet attacks to more sophisticated multi-signature wallet breaches, and declared that exchanges must continuously enhance their security protocol. Sun emphasized that security is like personal health management, requiring internal efforts and a proactive approach. HTX has implemented multi-device login, remote login alerts, abnormal transfer alerts, and other security features, and has publicly disclosed Merkle Tree Proof of Reserve (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%. Sun’s Influence on Security Practices Across the Crypto Landscape Sun’s commitment to security extends to his vision for HTX and his influential role in shaping security practices across the broader crypto landscape. He believes that the principle of security is considered fundamental to every business and product. He cited the early implementation of native multi-signature functionality in TRON as a successful example of proactive security design, demonstrating his commitment to building security into the foundation of his projects. He also highlighted the recent launch of USDD 2.0, emphasizing the deep understanding of stablecoin security risks that informed its development. “Just as exchanges should strengthen security mechanisms from the source in system design and operation, to maximize the prevention of security incidents,” Sun stated. Sun also revealed that HTX collaborates with numerous white hat teams to conduct continuous penetration testing, security drills, and vulnerability mining. The platform actively monitors global cryptocurrency security incidents and studies hacker attack principles and methods for effective prevention. Addressing the Situation and Industry Cooperation Regarding the controversy surrounding CZ’s suggestion for the affected exchange to suspend withdrawals, Sun acknowledged the validity of the advice from an exchange perspective. He explained that the initial hours after a security breach are crucial for investigating the issue and ensuring safety. While suspending withdrawals is necessary to eliminate risks, the suspension period should be minimized to reduce user impact. Sun called for closer cooperation between exchanges, security agencies, and the community to jointly address hacker threats, promote technological sharing, security innovation, and information exchange, and promote the healthy and sustainable development of the industry. HTX’s Commitment to User Safety HTX demonstrates its commitment to security through a proactive and continuously improving approach. The platform’s multi-faceted security strategy encompasses collaboration with leading security experts, rigorous ongoing monitoring, robust internal protocols, and a focus on enhancing multi-signature support, security alerts, and mitigating emerging threats such as hashtag scams. This comprehensive strategy reflects HTX’s dedication to safeguarding user assets and fostering a secure and reliable trading environment. This commitment was further emphasized by the specific security protocol requirements shared by Justin Sun at the February 21st Meetup in Hong Kong. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. For more information on HTX, users can visit the HTX Square , or https://www.htx.com/ , and follow X , Telegram , Discord . For further press enquiries, please contact glo-media@htx-inc.com . Contact Details Ruder Finn Asia htx@ruderfinn.com
Bitcoin World
You can visit the page to read the article.
Source: Bitcoin World
Tags :
Press Release
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report
JPMorgan Chase is reportedly refusing to cover losses for a customer who lost her life savings to a fraudster. Former policewoman Courtney White says she lost $87,000 to a thief who impersonated her and made withdrawals from her JPMorgan Chase account to the tune of thousands of dollars per day, reports NBC 5 Chicago. White says she deliberately opened an account with JPMorgan with no debit cards or checks to help her build a nest egg. But the impersonator emptied her account by going to various JPMorgan branches and making withdrawals in the flesh. She says she had no idea that someone was taking money out of her account until she received an “insufficient funds” alert, prompting her to check her account balance months after the thief began looting her funds. “Somebody should have recognized that this is an outrageous amount of transactions every day. It should have been… some sort of alert. I’ve never banked like that. And like I said, I’ve had Chase for 20 years.” White says she abruptly reported the theft to the police and filed reimbursement claims with JPMorgan. But the lender denied her claims, saying that she failed to report the fraud within 30 days of receiving her bank statement. Says JPMorgan in a statement, “We will cooperate with any investigation, as we always do. As we remind all customers, it is important to review your monthly statements and if you see any unauthorized transactions to let us know right away. We provide customers with many steps to boost account security, including setting up account alerts to receive notifications whenever there’s a purchase or withdrawal from your account that’s over a certain amount.” White also says JPMorgan won’t provide surveillance footage that could help identify the impersonator, and the bank says it only keeps video recordings for a certain amount of time. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report appeared first on The Daily Hodl . Bitcoin World
Can $100 Become $1M? XRP, BITCOIN, and MAGACOINOFFICIAL.COM Could Be the Ultimate Picks for 2025!
The Crypto Market’s Next Big Opportunity Turning a small investment into life-changing wealth has always been the dream of crypto investors. Bitcoin (BTC) and XRP have already created millionaires, but the real question is: Which crypto could be next? While Tron (TRX), Cardano (ADA), Injective Protocol (INJ), and Chainlink (LINK) are showing strong momentum, the one coin that has investors buzzing is MAGACOINOFFICIAL.COM. With over $2 million raised in presale, this early-stage project is quickly becoming the hottest opportunity of 2025. LIMITED-TIME OFFER: GET 50% EXTRA BONUS WITH CODE “MAGA50X”! MAGACOINOFFICIAL.COM: The Hidden Gem With 100x Potential The biggest crypto gains always come before the masses jump in, and MAGACOINOFFICIAL.COM is in that prime early-stage position. Investors who recognized Solana, XRP, and Shiba Inu early saw life-changing gains—now this project could be the next major breakout. Presale Pricing Still Low – Investors can buy at the lowest possible price before exchange listings. Exclusive Availability – Only available at MAGACOINOFFICIAL.COM , making early access even more valuable. Massive Growth Potential – Analysts predict 50,000% upside, making it a once-in-a-lifetime investment opportunity. PRESALE SPOTS ARE SELLING FAST – CLICK HERE TO LOCK IN YOUR BONUS! Top Altcoins Gaining Investor Attention Tron (TRX): A blockchain focused on fast transactions and decentralized entertainment, gaining steady adoption. Cardano (ADA): A smart contract platform built for scalability and sustainability, expanding its network. Injective Protocol (INJ): A DeFi powerhouse, providing fast, decentralized trading solutions. Chainlink (LINK): The leading oracle network, bringing real-world data into blockchain ecosystems. DON’T WAIT! APPLY “MAGA50X” NOW FOR A 50% BONUS BEFORE PRESALE ENDS! Why MAGACOINOFFICIAL.COM Stands Out While TRX, ADA, INJ, and LINK are gaining momentum, the real wealth-building opportunity lies in early-stage investments like MAGACOINOFFICIAL.COM. With growing investor demand and upcoming exchange listings, this project could be the next massive crypto success story. DON’T WAIT! APPLY MAGA50X NOW FOR A 50% EXTRA BONUS! Conclusion Bitcoin and XRP have already proven themselves as life-changing investments, and while TRX, ADA, INJ, and LINK remain solid picks, the biggest gains will come from MAGACOINOFFICIAL.COM . With a presale price under $0.20, a 50% bonus offer, and massive upside potential, this could be the best crypto investment of 2025. Don’t wait until you’re watching others cash out —secure your stake today at MAGACOINOFFICIAL.COM ! Website: MAGACOINOFFICIAL.COM X/Twitter: https://x.com/officialMAGAx Continue Reading: Can $100 Become $1M? XRP, BITCOIN, and MAGACOINOFFICIAL.COM Could Be the Ultimate Picks for 2025! Bitcoin World
