HTX, formerly known as Huobi since its rebranding on September 13, experienced a security breach resulting in a total loss of $8 million, as reported by HTX advisor and Tron founder Justin Sun.

Sun revealed that the stolen amount equals two weeks' worth of revenue for the platform, emphasizing that HTX has fully covered the incurred losses.

"$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," Sun conveyed via X.

The platform swiftly resolved all issues and is currently operating under normal conditions.

The compromised wallet appears to be one of HTX's hot wallets, which, since its inception in March, has received roughly $500 million in deposits from Binance, based on Arkham data.