Huobi’s Hot Wallet Reportedly Drained of $7.9 Million – What Happened?

According to reports, Huobi’s hot wallet was drained of $7.9 million on February 16, 2021. It is currently unclear how the transaction occurred and who is responsible for the theft. However, Huobi has issued an official statement in which they highlighted their commitment to to protecting the customers’ assets and returning them to their rightful owners.


Huobi has used a comprehensive investigation method to assess whether the funds were stolen from individual user wallets, or if these funds were from a hack of Huobi’s hot wallet. Huobi also promised to work with relevant law enforcement agencies to investigate the matter and identify the culprit.

Huobi has assured users that their assets are safe if they have not experienced any losses from the incident. They are also doing their best to reimburse all of the affected users. Additionally, Huobi assured users that it has taken increased measures to strengthen security and to further protect customer assets.

For now, the actual cause of the theft remains unknown. However, it serves as an important reminder to all cryptocurrency users to remain vigilant and take necessary steps to protect their own assets.

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