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Crypto exchange HTX, previously known as Huobi, has unexpectedly deactivated its proof-of-reserves feature. This observation was noted today by popular fintech analyst Adam Cochran, Managing Partner at Cinneamhain Ventures. This development coincides with issues faced by the stablecoin TrueUSD (TUSD), reportedly linked to HTX stakeholder Justin Sun, struggling to stay aligned with its intended $1 value for over two weeks.  Cochran also noted that live data from DefiLlama showed that HTX only had $120 million in ETH holdings, although the latest audit reported nearly $300 million.  2/8 Their live reporting on DefiLlama shows only about $120M in ETH assets despite their last audit claiming closer to $300M in raw ETH. pic.twitter.com/JFBqADzq27 — Adam Cochran (adamscochran.eth) (@adamscochran) January 26, 2024 You might also like: Spot Bitcoin ETFs see $80m net outflows on Thursday Earlier today, HTX’s proof- of -reserves webpage displayed no information regard...

Mixin Network has temporarily suspended its deposit and withdrawal services follow ing a major attack, jeopardizing over $200 million in crypto assets. A defi protocol Mixin Network has verified a report from blockchain security firm SlowMist, confirming a hack involving over $200 million. SlowMist Security Alert On September 23, the Mixin Network cloud service provider database was attacked, the amount of funds involved was ~ $200M. SlowMist is assisting in the investigation. Please wait for @MixinKernel updates for more information. — SlowMist (@SlowMist_Team) September 25, 2023 According to a statement released by Mixin Network, the attack targeted the database of their cloud service provider in the early hours of Sept. 23. The breach led to the loss of assets on the mainnet, with the affected funds estimated to be around $200 million. Mixin Network is a wallet solution that currently supports 48 public blockchain networks and has a combined network asset value exceedin...