HTX, previously known as Huobi and linked to crypto mogul Justin Sun, faced a $258 million net outflow between November 25 and December 10 following a significant hack in November.

The exchange lost $30 million worth of crypto tokens during the security breach, leading to a temporary halt in withdrawals and deposits, causing unease among clients.

Justin Sun's connections to HTX and other platforms like Poloniex and Heco Bridge, both of which also experienced hacks in November, have raised concerns about potential exit scams.

Despite HTX recovering $8 million from a previous breach in September, the recent $30 million hack remains unresolved, with the perpetrators still in control of the stolen funds.