HTX and Poloniex Announce Plans to Reward Users and Cover Losses

HTX and Poloniex Announce Plans to Reward Users and Cover Losses

In a recent development, Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, has announced plans to reward users and cover losses. This comes after the exchanges were targeted in hacker attacks, resulting in significant losses for users. In this article, we will delve into the details of this announcement, the planned airdrop, and the impact it may have on affected users.

According to Justin Sun, HTX and Poloniex will initiate an epic airdrop for users with assets as the exchanges approach the opening of deposit and withdrawal services. The purpose of this airdrop is to express gratitude for the ongoing support of their users. Sun also expressed his deepest apologies to the users affected by the hacker attacks, reassuring them that all assets are safe.

HTX has confirmed the airdrop and provided further details regarding its implementation. The airdrop amounts will be based on a snapshot of users’ 30-day average asset balance in USDT, which HTX refers to as “Rockets.” Users who hold assets related to the company, such as HTX Token (HT) and Tron (TRX), as well as users holding Bitcoin (BTC) and Ethereum (ETH), will have their Rocket values multiplied.

While HTX did not disclose which cryptocurrency the airdrop will distribute, it announced that the offer will involve a premium asset that the exchange plans to list soon. This indicates that the airdrop is not only a gesture of gratitude but also a strategic move to attract more users to the exchange. By distributing a premium asset, HTX aims to incentivize users to continue holding their balances and potentially invest further.

It remains unclear whether HTX will directly compensate user account balances affected by the hacker attacks. However, the announcement suggests that the airdrop is an additional distribution intended to reward customers who did not withdraw their balances throughout the incident. This implies that HTX may not provide direct compensation for the losses incurred.

Both HTX and Poloniex were targeted in separate attacks in November, resulting in significant financial losses. Poloniex lost $120 million, while HTX suffered an estimated loss of $13.6 million. Despite these setbacks, both exchanges have been working diligently to restore normal operations. Poloniex plans to reopen deposits and withdrawals on November 30th, while HTX has already resumed Tron (TRX) deposits and withdrawals.

The announcement of an epic airdrop by HTX and Poloniex represents their effort to show appreciation for their users’ support while also mitigating the impact of the hacker attacks. The airdrop, based on users’ average asset balance, will not only reward customers but also potentially attract new users through the distribution of a premium asset. Although the exchanges have not yet provided details on compensating user account balances, the reopening of deposit and withdrawal services signifies a step towards normalcy. As the crypto industry continues to face challenges, it is encouraging to see exchanges taking proactive measures to support their users and protect their assets.

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