Two cryptocurrency firms linked to entrepreneur Justin Sun have been hacked and an estimated $115 million U.S. stolen.
The hackers targeted the HTX digital currency exchange, formerly known as Huobi, and stole $30 million U.S. worth of crypto, the company said in a written statement.
Blockchain bridge Heco Chain was also hacked, and $85 million U.S. taken from that crypto platform. Blockchain bridges connect different networks and facilitate the movement of digital coins and tokens.
Deposit and withdrawal services at both HTX and Heco Chain have been temporarily suspended as the thefts are investigated.
HTX said that it intends to “fully compensate” users for any losses they incurred due to the hack.
The HTX and Heco Chain thefts come after another exchange backed by Justin Sun, Poloniex, was hacked earlier in November and $100 million U.S. worth of crypto stolen.
