Recently, an exchange was stolen nearly US$1.5 billion overnight. As soon as the news came out, it caused heated discussions and doubts in the industry. The security issues of centralized exchanges were once again pushed to the forefront. . On February 22, in response to users’ doubts about exchange security and the security challenges facing the crypto industry at present, Huobi HTX held an “Industry Crisis, How to Work Together? Is there any best solution to the security of the crypto industry?” Theme Space. During the event, Huobi HTX global consultant Justin Sun, two authoritative security agencies, SlowMist, GoPlus Security, and many KOLs focused on how to deal with retail investors after being stolen, how to minimize security risks, security incidents with CEX on the chain, and how CEX should work together. In-depth discussions and analysis were conducted on topics such as institutional protection of funding security.

Safety is the "top leader project". We must always be vigilant and learn forever. Justin Sun said that it is obvious that hacker attack methods are constantly evolving, gradually penetrating from early hot wallet attacks to multi-sign wallet attacks. Therefore, the exchange must always be vigilant and dynamically improve security protection.

In its opinion, security issues are "top leader projects". Only by always maintaining awe and always learning the latest safety technology knowledge in the industry can we bring eternity safety. In addition, safety is like personal health management and cannot rely entirely on external protection. Exchanges need to constantly cultivate internal strength before problems arise, improve safety awareness and attention, so as to be invincible in long-term development.

Yuchen Sun added that every business and product should be based on safety as the core premise, which is not only responsible for user assets, but also the cornerstone of the healthy development of the industry. . Tron TRON realized the native multi-sign function at the beginning of its establishment, and this design effectively avoided many security issues. The launch of USDD 2.0 contains years of in-depth observation, technical accumulation and a deep understanding of security risks in the stablecoin track. Similarly, in system design and operation, exchanges should also strengthen security mechanisms from the source to minimize the occurrence of security incidents.

SlowMist recommends that exchanges should conduct regular comprehensive security reviews, including code audits, system vulnerability scanning and smart contracts. At the same time, we should also actively participate in activities such as security community and industry security conferences to learn the latest security offensive and defense technologies. In addition, regular internal safety training is needed to improve the safety awareness and emergency response capabilities of all employees.

In response to the controversy among community users about "CZ suggests that the exchange is suspended from withdrawal", Sun Justin analyzed that from the exchange's perspective, CZ's suggestions are pertinent. He pointed out that assets are stolen The first few hours after that are a critical period for troubleshooting problems and ensuring safety. The suspension of withdrawal of coins is to completely eliminate risks, but the suspension time should be shortened as much as possible to reduce the impact on users.

Yuchen Sun called on, "The entire industry, including exchanges, security agencies and communities, should work closely together to jointly respond to hacker threats through technology sharing, security innovation and information exchange, and promote the healthy and sustainable development of the industry. ”

Huobi HTX's security line: a true portrayal of the iceberg theory

Yuchen Sun admitted in the live broadcast that for Huobi HTX, which has a twelve-year development history, Users' sense of security is very important.

Previously, at the Hong Kong "Tron TRON & HTX DAO Exchange Conference" on February 21, Justin Sun shared his confrontation with him Coin HTX's security requirements. He said that the platform needs to ensure the safety of user assets, especially in multi-signal support and security prompts, and should discuss how to better prevent security issues such as tag scams.

< p style="text-align: left;">In fact, in recent years, Huobi HTX has comprehensively upgraded security protection measures and successfully implemented new functions such as multi-device login, off-site login, and abnormal transfer reminders. In addition, a total of 28 public disclosures of Merkel Tree Assets have been achieved. Proof of data, the reserve ratio exceeds 100%.

According to Justin Sun's live broadcast, Huobi HTX has reached cooperation with many white hat teams to continue offense and defense Testing, security drills and vulnerability mining comprehensively improve the platform's protection capabilities and risk response mechanism. At the same time, Huobi HTX also actively follows up on global crypto security incidents and conducts in-depth research on hacker attack principles and methods to effectively prevent them.

As Justin Sun said, Huobi HTX's security line is a true portrayal of the "iceberg theory". The good experience users see on the surface is behind the huge efforts made by the platform in places that are invisible. In the future, Huo Coin HTX will carry out security underlying design from a global perspective, systematically deploy security strategies, strengthen platform security review and management, expand industry security cooperation, and give this "iceberg" a larger security root system and build a solid foundation for users and even the entire industry. Road security line.

About Huobi HTX

Huobi HTX was founded in 2013. After 11 years of development, it has become a cryptocurrencyThe exchange has become a comprehensive blockchain business ecosystem covering digital asset trading, financial derivatives, research, investment, incubation and other businesses.

Huobi HTX, as the world's leading Web3 portal, adheres to the development strategies of global expansion, ecological prosperity, wealth effect, security and compliance, and is a virtual currency enthusiast in the world. Provide comprehensive, safe and reliable value and services.