In the wake of a recent $1.5 billion hack impacting a major cryptocurrency exchange, HTX held an open discussion emphasizing the importance of security, led by Global Advisor Justin Sun.
The Importance of Security for HTX
Justin Sun stated that security is a top priority for HTX, requiring constant vigilance and learning. He highlighted the evolution of hacker tactics and the need for exchanges to continuously enhance security protocols. HTX has implemented features like multi-device login alerts and abnormal transfer alerts, along with a public disclosure of proof of reserves to maintain high standards of safety and user trust.
Justin Sun's Influence on Security Practices
Sun actively influences security practices across the crypto industry. He believes that security should be fundamentally integrated into all projects and products. Sun cited the development of TRON with built-in multi-signature capabilities as an example of proactive security design. He also mentioned the recent launch of USDD 2.0, developed with an understanding of stablecoin security risks. HTX collaborates with white hat teams for continuous testing and monitoring to prevent threats.
Addressing the Situation and Industry Cooperation
Regarding CZ's suggestion to temporarily suspend withdrawals, Sun acknowledged that such measures could be necessary for security reasons in certain situations. He called for increased cooperation between exchanges, security agencies, and the community to combat hacker threats through technology sharing and information exchange, fostering growth and sustainability in the industry. HTX remains committed to enhancing security to protect user assets and create a reliable trading environment.
HTX actively strengthens its security by collaborating with leading experts and implementing a multi-layered approach to safeguarding user assets, emphasizing its commitment to creating a safe and reliable trading environment.
