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Security in crypto trading: HTX and the new challenges
HTX discusses security strategies for the crypto industry after $1.5 billion hack, emphasizes collaboration and proactive measures.
Security in crypto trading: HTX and the new challenges
Events are happening rapidly in the cryptocurrency industry! Following a massive hacker attack on a major exchange that resulted in a loss of $1.5 billion, HTX took center stage in an impressive live discussion led by Justin Sun. In the conversation “Together against the crisis in the industry”, the Global Advisor emphasized that security has the highest priority. He explained that hackers are constantly refining their methods, which is why exchanges must continually adapt their security protocols. HTX stands out with innovative security measures, such as multi-device logins and suspicious transaction alerts. Sun noted that HTX has maintained over 100% reserve ratio for 28 months, which is critical to user confidence in the platform, as ots.at reported in detail.
Growth and innovation at HTX
In October, HTX also presented impressive growth figures, as noted in the performance report. The platform saw a 12% increase in user registrations and a 15% increase in deposit volume. With 42 million page views and 287 million total views, HTX experienced a notable increase in interest. At Blockchain Life 2024, where HTX was represented, Justin Sun was also honored as “Crypto Entrepreneur of the Year”. Achievements such as the listing of 15 new assets demonstrate the platform's strategic adaptation to market trends, including the new meme coins that are well received by users, such as markets.businessinsider.com reported.
With a clear focus on usability, HTX made significant improvements to the app, which now has simultaneous account switching functionality, and implemented advanced security measures, including biometric authentication. These innovations underline the platform’s commitment to ensuring a safe trading environment while maximizing user satisfaction. While collaboration between exchanges and security authorities remains at the forefront, HTX remains a leading player in the emerging world of digital assets.