Justin Sun Discusses Crypto Security Amid $1.5B Hack: HTX’s Commitment to Protection

Following a massive $1.5 billion crypto exchange hack, HTX hosted a live discussion on X, where Global Advisor Justin Sun emphasized the urgent need for stronger security measures in the industry. The event, featuring insights from SlowMist, GoPlus Security, and top crypto KOLs, explored solutions to prevent future attacks.

Sun reiterated that security is a top priority, likening it to personal health management—requiring continuous vigilance, learning, and proactive improvement. He highlighted the evolution of hacker tactics, from hot wallet breaches to sophisticated multi-signature exploits, urging exchanges to enhance their defenses. HTX has implemented security features like multi-device login alerts, abnormal transfer monitoring, and Merkle Tree Proof of Reserve, maintaining a 100% reserve ratio for over 28 months.

Beyond HTX, Sun has influenced industry-wide security, citing TRON’s early adoption of native multi-signature features as an example of proactive risk mitigation. He also referenced the launch of USDD 2.0, designed with enhanced stablecoin security. HTX actively collaborates with white hat teams, conducting continuous penetration tests and real-time threat analysis to stay ahead of cybercriminals.

Addressing recent industry debates, Sun acknowledged the reasoning behind suspending withdrawals post-hack, emphasizing that the initial response window is critical for securing assets while minimizing user disruptions. He called for greater collaboration between exchanges, security firms, and the crypto community to combat cyber threats, share intelligence, and drive innovation in blockchain security.

Founded in 2013, HTX has grown into a global blockchain powerhouse, offering secure trading, investment, and incubation services. Committed to security, compliance, and user protection, HTX continues to strengthen its ecosystem, ensuring a safer and more resilient crypto industry.