Justin Sun, a prominent figure in the crypto space, made an unexpected announcement on November 24 regarding HTX and Poloniex. He revealed plans to initiate an airdrop as a way to compensate users for their losses. This announcement came as a surprise to many, as it was the first time such a measure had been taken in response to a hacker attack.
The objective of the airdrop, as stated by Sun, is to express gratitude for the ongoing support of the users affected by the attacks. This additional distribution of assets aims to reward customers who did not withdraw their balances throughout the incident. However, it is important to note that the specifics of how HTX will compensate the users’ account balances remain unclear.
HTX provided some additional information about the airdrop. The amount each user receives will be based on a snapshot of their 30-day average asset balance in USDT, referred to as “Rockets” by the company. Users who hold assets directly related to HTX, such as HTX Token (HT) and Tron (TRX), as well as those holding Bitcoin (BTC) and Ethereum (ETH), will have their Rocket values multiplied. Interestingly, HTX did not disclose which cryptocurrency will be distributed through the airdrop but mentioned that it will involve a premium asset soon to be listed.
Both HTX and Poloniex experienced hacker attacks in November, resulting in significant losses. Poloniex was hit the hardest, losing $120 million on November 10. As a response, the exchange plans to reopen deposits and withdrawals on November 30. HTX, on the other hand, lost an estimated $13.6 million due to an attack on November 22. Despite their intention to restore withdrawals and operations within 24 hours, HTX only partially achieved this goal, as stated by Sun.
In a separate statement, Sun confirmed that HTX has resumed Tron (TRX) deposits and withdrawals. HTX corroborated this, adding that it has also reopened deposits for select cryptocurrencies on the Ethereum and Tron blockchains, including its own tokens, several major stablecoins, and various other assets. These updates indicate that progress is being made to restore normalcy and provide users with access to their funds once again.
The HTX and Poloniex airdrop, while unexpected, demonstrates the commitment of these exchanges to address the losses suffered by their users. By offering this additional distribution of assets, they aim to thank customers for their continued support. While specific details remain unclear, the announcement provides hope for affected users and signifies the industry’s dedication to overcoming challenges and ensuring the security of cryptocurrency exchanges.
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