DeFi News Official TheBitTimes.com

HTX, formerly Huobi, recovered 4,999 ETH stole n by hackers, setting a rare precedent in the centralized cryptocurrency exchange world. On Sept. 24, HTX’s hot wallet suffered a cyberattack that saw 5,000 ETH, equivalent to $8 million, stolen by hackers. The exchange swiftly identified the culprits and initiated a daring move by requesting the stolen funds’ return. As an incentive for the hacker’s cooperation, HTX offered a 5% “white hat” bonus, set to expire on Oct. 2. Remarkably, the hacker chose to heed the ethics call and returned 4,999 ETH to HTX, retaining just 1 Ether from their original ill-gotten gains. While cryptocurrency hacks are distressingly common, the return of stolen funds remains a rarity, highlighting the effectiveness of HTX’s identification efforts. According to lookonchain, HTX (formerly Huobi) hackers have just returned 4,999 ETH of stolen funds. On September 24, the HTX hot wallet was attacked and 5,000 ETH was hacked. HTX...

BTC price action once again slips while trying to overcome $25,000 resistance as the rejections keep coming. Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support ended in failure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin unsettled before Wall Street open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,250 on Bitstamp. A firm rejection on hourly timeframes then saw the pair return below $24,750, maintaining a trading range in place throughout the weekend. With Wall Street on holiday on Feb. 20, Bitcoin faced three days of “out-of-hours” trading featuring thinner liquidity and more risk of volatile moves both up and down. These to some extent came to pass, with efforts to beat the prior week’s highs being short lived and resulting in liquidations of both long and short traders, data from Coinglass confirms. BTC liquidations chart. Source: Coinglass Monitoring resource Material Indicato...