{"id":554466,"date":"2023-10-07T11:40:08","date_gmt":"2023-10-07T11:40:08","guid":{"rendered":"https:\/\/wncen.com\/?p=554466"},"modified":"2023-10-07T10:32:50","modified_gmt":"2023-10-07T10:32:50","slug":"inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/","title":{"rendered":"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit"},"content":{"rendered":"<p><span style=\"font-weight: 400\">According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users&#8217; assets. The incident draws much attention following recent police investigations into some of Huobi&#8217;s former staff.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/huobi-ht\/justin-sun-huobi-exchange-is-solvent\/\" target=\"_blank\" rel=\"noopener \">TRON\u2019s Justin Sun Reassures Crypto Community That Huobi Exchange Is Solvent<\/a><\/div>\n<h2><strong>$263,000 Drained From Huobi Wallet &#8211; Could There Be An Internal Involvement?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Providing more insight on this latest exploit, prominent security firm Peckshield<a href=\"https:\/\/x.com\/PeckShieldAlert\/status\/29100644?s=20\" target=\"_blank\" rel=\"noopener nofollow\"> reported<\/a> that this event occurred on October 3, with the drainer stealing a total of $263,000 USDT and 92 TRX minted on the Tron network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Thereafter, the bad actor proceeded to swap these stolen funds for approximately 2.9 million TRX, of which 1.4 million TRX was transferred to the ChangeNOW exchange, and 1.5 million TRX was moved to Binance.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#PeckShieldAlert<\/a> <a href=\"https:\/\/twitter.com\/itoken?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@iToken<\/a>, formerly known as Huobi Wallet was suspected to have been drained of ~263K <a href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USDT<\/a> &amp; 92 <a href=\"https:\/\/twitter.com\/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$TRX<\/a> on <a href=\"https:\/\/twitter.com\/hashtag\/Tron?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Tron<\/a> ~3 days ago.<br \/>The drainer swapped these stolen funds for ~2.9m <a href=\"https:\/\/twitter.com\/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$TRX<\/a> and subsequently transferred them out. <br \/>~1.4m <a href=\"https:\/\/twitter.com\/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$TRX<\/a> was sent to <a href=\"https:\/\/twitter.com\/hashtag\/ChangeNow?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ChangeNow<\/a>, and ~1.5m\u2026 <a href=\"https:\/\/t.co\/yv4sTfj8cV\" rel=\"nofollow\">pic.twitter.com\/yv4sTfj8cV<\/a><\/p>\n<p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/29100644?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Currently, there are <a href=\"https:\/\/x.com\/WuBlockchain\/status\/84947092?s=20\" target=\"_blank\" rel=\"noopener nofollow\">speculations<\/a> that this heist was orchestrated by the internal staff of Huobi as such development would be unprecedented. <\/span><span style=\"font-weight: 400\">In September, the Chinese Police were reported to have arrested a former Huobi team member for implanting a Trojan horse virus that resulted in the exposure of the private keys and mnemonic phrases of some iToken users.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Launched in 2018, iToken functions as a professional DeFi wallet, which enables the storage of various digital assets across multiple networks. It was initially known as the Huobi wallet, as earlier stated, but <a href=\"https:\/\/www.prnewswire.com\/news-releases\/huobi-wallet-transforms-to-itoken-adds-decentralized-investment-services-301549738.html\" target=\"_blank\" rel=\"noopener nofollow\">was rebranded<\/a> iToken in 2022, following a $200 million investment from the Huobi Group.<\/span><\/p>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/tron-justin-sun-ftx\/\" target=\"_blank\" rel=\"noopener \">Tron\u2019s Justin Sun Mulls Over Making A Move On FTX\u2019s Crypto Stash, Here\u2019s Why<\/a><\/div>\n<\/div>\n<h2><span style=\"font-weight: 400\"><strong>Growing Controversy Around Huobi?<\/strong>\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In addition to speculations of insider involvement in this recent heist, Huobi, now rebranded as HTX, has been in the news recently and not for positive reasons.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On September 25, the exchange fell <a href=\"https:\/\/wncen.com\/huobi-ht\/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty\/\" target=\"_blank\" rel=\"noopener \">victim to a hack<\/a> that drained 5,000 ETH worth $7.9 million. However, the exchange\u2019s advisor and Tron founder, Justin Sun, soon came out to assure users of total asset recovery and security of the exchange\u2019s operation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this week, crypto expert Dylan LeClair <a href=\"https:\/\/bitcoinist.com\/bitcoin-expert-web-of-deception-tron-justin-sun\/\" target=\"_blank\" rel=\"noopener nofollow\">wrote a thread on X accusing<\/a> the Tron Visioneer of creating a \u201cweb of deception.&#8221; This marks the <a href=\"https:\/\/wncen.com\/huobi-ht\/huobi-htx-troubles-mount-justin-sun-accused-of-2-4b-shortfall-in-user-funds\/\" target=\"_blank\" rel=\"noopener \">second time<\/a> in recent weeks Justin Sun has been accused of malicious dealings involving users&#8217; assets on Huobi.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to LeClair, ever since Sun acquired a controlling stake in Huobi in late 2022, the amount of USDT held on the exchange has been gradually replaced by stUSDT, a receipt token for staking USDT.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <a href=\"https:\/\/wncen.com\/huobi-ht\/huobi-global-faces-risks-as-investments-in-stusdt-surge-to-1-8-billion\/\" target=\"_blank\" rel=\"noopener \">stUSDT token<\/a> is controlled by Justin Sun and is supposedly designed to invest in real-world assets such as US government bonds. However, LeClair stated that on-chain analysis and transactions show no such investment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto analyst also drew attention to &#8220;worrying&#8221; transactions by Justin Sun involving JustLend, a Tron-based DeFi lending platform,\u00a0 and other stablecoins, including USDT and USDC, before concluding that the Tron Founder is maliciously moving USD liquidity out of the crypto space.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, HTX\u2019s native token, HT, hovers around $2.36 with a 0.74% gain in the last day, according to <a href=\"https:\/\/coinmarketcap.com\/currencies\/htx-token\/\" target=\"_blank\" rel=\"noopener nofollow\">data from CoinMarketCap<\/a>. Meanwhile, HT\u2019s daily trading volume is up by 10.64% and is valued at $3.47 million<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large\" src=\"https:\/\/www.tradingview.com\/x\/q0ratG1f\/\" alt=\"Huobi\" width=\"1479\" height=\"906\"><\/p>\n<pre style=\"text-align: center\">HT trading at $2.34 on the hourly chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/\" target=\"_blank\" rel=\"noopener nofollow\">HTUSDT chart on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Bloomberg, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users&#8217; assets. The incident draws much attention following recent police investigations into some of Huobi&#8217;s former staff. Related Reading: TRON\u2019s Justin Sun Reassures Crypto Community That Huobi Exchange Is Solvent $263,000 Drained From Huobi Wallet &#8211; Could There Be An Internal Involvement? Providing more insight on this latest exploit, prominent security firm Peckshield reported that this event occurred on October 3, with the drainer stealing a total of $263,000 USDT and 92 TRX minted on the Tron network. Thereafter, the bad actor proceeded to swap these stolen funds for approximately 2.9 million TRX, of which 1.4 million TRX was transferred to the ChangeNOW exchange, and 1.5 million TRX was moved to Binance.\u00a0 Currently, there are speculations that this heist was orchestrated by the internal staff of Huobi as such development would be unprecedented. In September, the Chinese Police were reported to have arrested a former Huobi team member for implanting a Trojan horse virus that resulted in the exposure of the private keys and mnemonic phrases of some iToken users. Launched in 2018, iToken functions as a professional DeFi wallet, which enables the storage of various digital assets across multiple networks. It was initially known as the Huobi wallet, as earlier stated, but was rebranded iToken in 2022, following a $200 million investment from the Huobi Group. Related Reading: Tron\u2019s Justin Sun Mulls Over Making A Move On FTX\u2019s Crypto Stash, Here\u2019s Why Growing Controversy Around Huobi?\u00a0 In addition to speculations of insider involvement in this recent heist, Huobi, now rebranded as HTX, has been in the news recently and not for positive reasons. On September 25, the exchange fell victim to a hack that drained 5,000 ETH worth $7.9 million. However, the exchange\u2019s advisor and Tron founder, Justin Sun, soon came out to assure users of total asset recovery and security of the exchange\u2019s operation.\u00a0 However, this week, crypto expert Dylan LeClair wrote a thread on X accusing the Tron Visioneer of creating a \u201cweb of deception.&#8221; This marks the second time in recent weeks Justin Sun has been accused of malicious dealings involving users&#8217; assets on Huobi. According to LeClair, ever since Sun acquired a controlling stake in Huobi in late 2022, the amount of USDT held on the exchange has been gradually replaced by stUSDT, a receipt token for staking USDT. The stUSDT token is controlled by Justin Sun and is supposedly designed to invest in real-world assets such as US government bonds. However, LeClair stated that on-chain analysis and transactions show no such investment.\u00a0 The crypto analyst also drew attention to &#8220;worrying&#8221; transactions by Justin Sun involving JustLend, a Tron-based DeFi lending platform,\u00a0 and other stablecoins, including USDT and USDC, before concluding that the Tron Founder is maliciously moving USD liquidity out of the crypto space.\u00a0 At the time of writing, HTX\u2019s native token, HT, hovers around $2.36 with a 0.74% gain in the last day, according to data from CoinMarketCap. Meanwhile, HT\u2019s daily trading volume is up by 10.64% and is valued at $3.47 million HT trading at $2.34 on the hourly chart | Source: HTUSDT chart on Tradingview.com Featured image from Bloomberg, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":554470,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87321],"tags":[2276,89590,2386,89591,89593,89592,12098],"class_list":["post-554466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-huobi-ht","tag-hack","tag-htx","tag-huobi","tag-huobi-wallet","tag-internal-job","tag-itoken","tag-justin-sun"],"acf":[],"yoast_head":"\n<title>Huobi Wallet Suffers $263,000 Exploit In Suspected Internal Job<\/title>\n<meta name=\"description\" content=\"iToken, formerly known as Huobi Wallet, has experienced a crypto heist in the last week, losing about $263,000 worth of users&#039; assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huobi Wallet Suffers $263,000 Exploit In Suspected Internal Job\" \/>\n<meta property=\"og:description\" content=\"iToken, formerly known as Huobi Wallet, has experienced a crypto heist in the last week, losing about $263,000 worth of users&#039; assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-07T11:40:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-07T10:32:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Semilore Faleti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SemiloreFaleti\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Semilore Faleti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\"},\"author\":{\"name\":\"Semilore Faleti\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\"},\"headline\":\"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit\",\"datePublished\":\"2023-10-07T11:40:08+00:00\",\"dateModified\":\"2023-10-07T10:32:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\"},\"wordCount\":542,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333\",\"keywords\":[\"hack\",\"HTX\",\"huobi\",\"Huobi wallet\",\"Internal job\",\"iToken\",\"Justin Sun\"],\"articleSection\":[\"Huobi (HT)\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\",\"url\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\",\"name\":\"Huobi Wallet Suffers $263,000 Exploit In Suspected Internal Job\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333\",\"datePublished\":\"2023-10-07T11:40:08+00:00\",\"dateModified\":\"2023-10-07T10:32:50+00:00\",\"description\":\"iToken, formerly known as Huobi Wallet, has experienced a crypto heist in the last week, losing about $263,000 worth of users' assets.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333\",\"width\":2000,\"height\":1333,\"caption\":\"Huobi\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\",\"name\":\"Semilore Faleti\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g\",\"caption\":\"Semilore Faleti\"},\"description\":\"Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218\",\"https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti\"],\"url\":\"https:\/\/wncen.com\/author\/semilorefaleti\/\"}]}<\/script>\n","yoast_head_json":{"title":"Huobi Wallet Suffers $263,000 Exploit In Suspected Internal Job","description":"iToken, formerly known as Huobi Wallet, has experienced a crypto heist in the last week, losing about $263,000 worth of users' assets.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/","og_locale":"en_US","og_type":"article","og_title":"Huobi Wallet Suffers $263,000 Exploit In Suspected Internal Job","og_description":"iToken, formerly known as Huobi Wallet, has experienced a crypto heist in the last week, losing about $263,000 worth of users' assets.","og_url":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-07T11:40:08+00:00","article_modified_time":"2023-10-07T10:32:50+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333","type":"image\/jpeg"}],"author":"Semilore Faleti","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/SemiloreFaleti","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Semilore Faleti","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/"},"author":{"name":"Semilore Faleti","@id":"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49"},"headline":"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit","datePublished":"2023-10-07T11:40:08+00:00","dateModified":"2023-10-07T10:32:50+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/"},"wordCount":542,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333","keywords":["hack","HTX","huobi","Huobi wallet","Internal job","iToken","Justin Sun"],"articleSection":["Huobi (HT)"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/","url":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/","name":"Huobi Wallet Suffers $263,000 Exploit In Suspected Internal Job","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333","datePublished":"2023-10-07T11:40:08+00:00","dateModified":"2023-10-07T10:32:50+00:00","description":"iToken, formerly known as Huobi Wallet, has experienced a crypto heist in the last week, losing about $263,000 worth of users' assets.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333","width":2000,"height":1333,"caption":"Huobi"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49","name":"Semilore Faleti","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g","caption":"Semilore Faleti"},"description":"Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/wncen.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit","url":"http:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/huobi-ht\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333"},"articleSection":"Huobi (HT)","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["hack","htx","huobi","huobi wallet","internal job","itoken","justin sun"],"dateCreated":"2023-10-07T11:40:08Z","datePublished":"2023-10-07T11:40:08Z","dateModified":"2023-10-07T11:40:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/huobi-ht\\\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/huobi-ht\\\/inside-job-suspected-as-huobi-wallet-falls-victim-to-263000-exploit\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/1x-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/1x-1.jpg?fit=2000%2C1333\"},\"articleSection\":\"Huobi (HT)\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"hack\",\"htx\",\"huobi\",\"huobi wallet\",\"internal job\",\"itoken\",\"justin sun\"],\"dateCreated\":\"2023-10-07T11:40:08Z\",\"datePublished\":\"2023-10-07T11:40:08Z\",\"dateModified\":\"2023-10-07T11:40:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1.jpg?fit=2000%2C1333","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554466"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=554466"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/554470"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=554466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=554466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=554466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}