HTX and Heco Chain Breach
On November 30, 2025, Justin Sun, a prominent crypto entrepreneur, announced on X that his WeChat account had been hacked, leading to urgent recovery efforts.
The hack coincides with a major security breach on HTX and Heco, resulting in over $100 million in cryptocurrency losses, affecting market perception and prompting operational suspensions.
Justin Sun reported the hacking of his WeChat account on the X platform, emphasizing the importance of the situation. Concurrently, HTX and the Heco Chain bridge suffered a major security breach, resulting in substantial financial losses.
The breach involved approximately $115 million in losses, affecting several prominent cryptocurrencies like ETH, USDT, and HBTC. Deposits and withdrawals have been temporarily suspended as a precautionary measure, and Sun promised actions to secure funds and ensure future compensation.
Justin Sun, Founder, TRON - "HTX and Heco Cross-Chain Bridge Undergo Hacker Attack. HTX Will Fully Compensate for HTX's hot wallet Losses. Deposits and Withdrawals Temporarily Suspended. All Funds in HTX Are Secure, and the Community Can Rest Assured."
Security Concerns and Market Impact
Justin Sun's projects have faced previous hacks, highlighting persistent security concerns. Past breaches within his network resulted in multi-million-dollar losses, reflecting ongoing challenges in safeguarding blockchain infrastructure.
CoinMarketCap data shows Ethereum (ETH) priced at $3,026.19 with a market cap of approximately $365.25 billion. Trading volume decreased by 35.52%, while recent fluctuations include a 6.68% rise over the last seven days, despite a 31.19% drop over 90 days.
Insights from the Coincu research team suggest that Justin Sun’s financial and securities history could magnify regulatory scrutiny on crypto exchanges like HTX. Continued technological improvements and robust security measures remain crucial to prevent future breaches.