According to cyber security statistics, between January 2012 and February 2024, there have been 148 crypto exchange hacks, resulting in a total loss of over $11 billion. Recently, cyberattacks targeting exchange accounts have occurred more frequently, with increasing sophistication.
HTX, the world-leading cryptocurrency exchange, has always prioritized user asset security. As part of its security efforts, the exchange has adopted Merkle tree proof of reserves and regularly discloses reserve data. This marks HTX one of the earliest movers in proving platform reserves. From the end of 2022 to the present, HTX has conducted a total of 20 Merkle tree reserve audits, maintaining a reserve ratio above 100% to ensure that users can safely deposit and fully withdraw assets at any time.
HTX will publish security reports monthly and let data tell the company’s effective efforts in security. HTX’s security efforts in May 2024 resulted in:
Regarding user asset security as its lifeline, the exchange has taken a wide range of security measures, including monthly disclosures of reserve ratios, monthly security reports, and open-source verification tools for Merkle tree data, wallet address ownership, and on-chain assets. Looking ahead, HTX is poised to employ even higher financial standards to ensure the long-term security of user assets.
The post first appeared on HTX Square.
