Huobi Global Suffers $86 Million Hacker Attack, Promises Full Repayment

Reuters reports that there was a $86 million breach on Tuesday at the Huobi cryptocurrency exchange.

The business promised investors a complete refund while looking into the matter. The amount of money that had been taken was not stated.

The attack happened a few days after Chinese cryptocurrency exchange Mined.com disclosed that $1 billion had been pilfered by hackers during its own token sale the previous month.

Charles Li, the CEO of Huobi, said that he thought hackers had gained access to his exchange's point-of-sale systems, which let customers purchase and sell cryptocurrencies using cash or credit cards.

The business said on Tuesday morning that it had discovered two assaults and that it was collaborating with international law enforcement organizations to do more research.

Huobi is one of the most well-known exchanges for trading cryptocurrencies, including bitcoin and ethereum, but it has also drawn attention from international authorities who worry that cryptocurrencies are being used for illicit purposes like supporting terrorism or money laundering.