• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Heco Chain has been non-functional for almost 2 months now

Heco Chain has been non-functional for almost 2 months now

user avatar

by Max Nevskyi

a year ago


The well-known analyst Colin Wu recently posted a message on Twitter discussing an issue related to the Heco Chain blockchain. According to him, the user community expressed dissatisfaction because, after a hacking attack that occurred in November 2023, they still cannot perform operations to deposit and withdraw their digital assets in Heco Chain.

As a result of this attack, criminals stole about $86.6 million in cryptocurrency from the HTX trading platform and the Heco Chain network. Consequently, users still do not have access to their digital funds. Moreover, the company's official website is not functioning, and their Twitter page has not been updated since February 2023. Previously, well-known businessman Justin Sun stated that Heco would be integrated with the Tron blockchain.

Justin Sun, a Chinese entrepreneur and co-founder of the TRON Foundation, is also known as the creator of the cryptocurrency Tron (TRX) and the eponymous blockchain platform. He was born on July 10, 1990, in Jiangsu Province, China. After earning a master's degree at the University of Pennsylvania, USA, Sun enrolled in a doctoral program at the University of Glasgow, UK, but later decided to leave his academic career for entrepreneurship in blockchain and cryptocurrencies.

In 2017, Sun founded the TRON Foundation with the goal of creating a decentralized platform for content and entertainment. TRON was introduced as an ecosystem that allows developers to create and launch dApps (decentralized applications) and smart contracts.

In 2018, Sun acquired the data exchange platform BitTorrent and integrated it into the TRON ecosystem. He actively promotes the blockchain and cryptocurrency TRX through social media and marketing campaigns. Additionally, Sun became a shareholder and board member of the exchanges Poloniex and HTX (formerly Huobi).

0

Share

Other news

Amazon Announces £40 Billion Investment in the UK for 2025-2027

Amazon plans to invest £40 billion in the UK, creating thousands of jobs and impacting several industries.

user avatarGiorgi Kostiuk

3 minutes ago

US PMI Data for June: Slowdown and Its Impact on Crypto Markets

US PMI data for June indicates economic slowdown, potentially affecting cryptocurrency markets.

user avatarGiorgi Kostiuk

3 minutes ago

Dogecoin Sees Price Increase Thanks to Key Support Zone Defense

Dogecoin has risen significantly in price, reflecting support at a key level with a 50% increase.

user avatarGiorgi Kostiuk

9 minutes ago

Current Trends in the Crypto Market: New Opportunities for Investors

The crypto market shows changing dynamics, with traders being more selective in their coin choices.

user avatarGiorgi Kostiuk

14 minutes ago

Veda Raises $18 Million to Expand DeFi Platform

Veda has raised $18 million to simplify DeFi products, which may impact the use of Ethereum.

user avatarGiorgi Kostiuk

14 minutes ago

Crypto Market Overview: Ethereum, Bitcoin, and XRP Under the Spotlight

Analysis of current price movements of Ethereum, Bitcoin, and XRP in the crypto market, focusing on key levels and technical indicators.

user avatarGiorgi Kostiuk

29 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.