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Justin Sun Prioritizes Security: User Assets Are Sacred and Inviolable

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–News Direct–

Justin Sun, a member of the HTX Global Advisory Board, participated in a live broadcast titled "Talk to Justin Sun about Crypto Safety Issues'' on September 26. This live interview was conducted simultaneously on HTX's (previously Huobi) Twitter Space and HTX Live. Justin Sun shared his insights on security concerns related to cryptocurrency exchanges and responded to the recent security incident at HTX.

To start, Justin Sun gave a brief recap of the recent cyberattack on HTX. On September 24, 2023, at around 6 PM Singapore time, HTX detected a hack and took immediate actions, which included rapidly changing the hot wallet address, implementing the real-time monitoring mechanism, and establishing the SAFU fund. Through these efforts, the exchange has ensured the protection of user assets and information. HTX, as emphasized by Justin Sun, managed to promptly resolve almost all issues within 24 hours following the attack. Users remained largely unaware of the incident, but it was indeed an intense battle.

According to reports, HTX has fully covered the losses, ensuring that users will not incur any losses due to this incident. The platform is operating normally, and all user assets remain unaffected. Moreover, HTX has labeled the hacker's ETH addresses and proposed a 5% white-hat incentive ($400,000) to encourage the hacker to return the stolen funds. If the hacker returns the funds within 7 days, HTX will offer them a position as a security consultant for the exchange. Otherwise, HTX will provide the information to the authorities for the hacker's prosecution.

Additionally, HTX is collaborating with professional security teams, blockchain institutions, and top-notch exchanges like Binance to trace the hacker's identity and the whereabouts of the stolen funds. While the exchange cannot disclose the specifics of the ongoing investigation, it is committed to ensuring that the hacker faces the full legal consequences they deserve if they do not return the stolen funds.

Justin Sun stated, "We encourage white hat ethical hacking and are confident in our ability to recover the funds. HTX has a proven track record of collaborating with authorities to apprehend hackers and will not tolerate any hacking activities. Even if users not affiliated with HTX have had their assets compromised, we will initiate charitable efforts to assist them in recovering their losses."

Summarizing the discussion, Justin Sun underscored the costliness of the security lesson learned and the commitment to excel in this domain. He emphasized that the recent hack was a valuable experience for him and his team, prompting HTX to reassess and enhance its security.

HTX will take concrete steps to ensure that user assets on the platform remain at the forefront of industry standards. HTX will introduce more security tools and technologies for the timely detection and prevention of potential threats in the future. Collaboration with leading security audit firms for regular audits and swift issue resolution is another facet of their strategy. Lastly, additional security updates, including updates to custodians or institutions, will be implemented.

Considering the multiple security incidents that have occurred in the cryptocurrency industry, Sun remarked, "Past experiences have taught us that security is an ongoing race, where we must continually adopt measures to ensure the security of user assets and fortify our security defense."

Addressing community doubts regarding the incident being a marketing stunt orchestrated by HTX, Justin Sun categorically dismissed such claims. He affirmed that while HTX has previously hosted attention-grabbing marketing events, the platform's unwavering commitment to security and the sanctity of user assets means they will never exploit a security incident as a marketing ploy.

Sun continued to reiterate the importance of security throughout the live stream, emphasizing, "Security is an eternal concern, and we will always prioritize the safety of user assets."

About HTX

Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

Contact Details

Michael Wang

glo-media@htx-inc.com

Company Website

https://www.htx.com/

View source version on newsdirect.com: https://newsdirect.com/news/justin-sun-prioritizes-security-user-assets-are-sacred-and-inviolable-542495353

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Car Garage Expert Offers Reliable Roadside Assistance Services in Dubai

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Dubai, UAE – September 17, 2024 Car Garage Expert, a leading name in automotive repair and maintenance, is proud to announce its dependable services roadside assistance in Dubai. As a trusted and customer-centric car garage near me in Dubai, Car Garage Expert is committed to providing rapid and reliable services that ensure motorists are never left stranded on the roads.

In the fast-paced environment of Dubai, drivers require quick and efficient solutions to sudden car troubles. Whether it’s a flat tire, dead battery, engine breakdown, or even lockout situations, Car Garage Expert’s well-equipped team is available 24/7 to address any emergency and get drivers back on the road swiftly.

Our goal is to offer peace of mind to drivers across Dubai,” said Muhammad Fahad MalikCEO of Car Garage Expert. “We understand how frustrating unexpected breakdowns can be, which is why we’ve designed our roadside assistance services to be fast, reliable, and affordable. Our team is just a phone call away to ensure you’re never stuck for long.”

Car Garage Expert’s state-of-the-art facility is also equipped to handle a wide range of repairs and maintenance, ensuring that drivers receive comprehensive automotive care. The garage’s skilled technicians have vast experience working with all car models, making Car Garage Expert a top choice for as a trusted and customer-centric garage near me in Dubai.

About Car Garage Expert: Car Garage Expert is a reputable automotive repair service provider in Dubai, offering a wide range of services including regular maintenance, engine repairs, transmission servicing, and roadside assistance. With a focus on quality, transparency, and customer satisfaction, the garage has built a solid reputation as a reliable garage near me in Dubai.

Media Contact

Organization: Car Garage Expert

Contact Person: Mian Muhammad Fahad

Website: https://CarGarageExpert.com

Email: cargarageexpertdxb@gmail.com

Contact Number: +971555797960

Country: United Arab Emirates

Release Id: 17092416985

The post Car Garage Expert Offers Reliable Roadside Assistance Services in Dubai appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Ksolves Attends Odoo Community Days India and USA Canada 2024 Showcasing Expertise in Telecom and Large-Scale Odoo Enterprise Database Migration

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India, 17th Sep 2024 Ksolves, a leading global provider of Odoo development services, proudly participated in two major events in the Odoo community: Odoo Community Days India 2024 and Odoo Community Days USA & Canada 2024. These events showcased Ksolves’ unmatched expertise in Odoo solutions across multiple industries, including telecom, and highlighted their capacity to manage complex Odoo enterprise database migrations.

Event 1: Odoo Community Days India 2024

Ksolves had a significant presence at Odoo Community Days India 2024, held on August 23-24, 2024, at the Mahatma Mandir Convention and Exhibition Centre, Gandhinagar, Gujarat. Neha Negi, Presales and Business Associate Head at Ksolves, delivered an insightful session on “Utilizing Odoo in a Telecom Company Integrated with Kubernetes and Big Data.” Her presentation drew considerable attention from the audience, offering a detailed overview of how Ksolves successfully integrated Odoo with cutting-edge technologies like Kubernetes and Big Data, specifically tailored for the telecom sector.

The Ksolves team at the event also included Manish Gurnani, Chief Technology Officer; Rajat Gupta, Business Development Manager; and Tejas Pala, Technical Project Manager. The team engaged in productive discussions, sharing their deep industry knowledge and technical expertise. A highlight of the event was the friendly table tennis match between the Ksolves team and Fabien Pinckaers, CEO of Odoo, which further strengthened their professional relationship.

Event 2: Odoo Community Days USA & Canada 2024

Simultaneously, Ksolves made a mark at Odoo Community Days USA & Canada 2024, which took place on August 22-23, 2024, at Statler City, Buffalo, NY. The event featured a presentation by Om Prakash Maurya, Technology Head at Ksolves, and Ratan Srivastava, Founder & CEO of Ksolves, on “Odoo Upgrades: Large Scale Odoo Enterprise Database Migration.” Their session was well-received, providing valuable insights into the complexities and best practices of migrating large-scale Odoo enterprise databases. Ksolves’ booth (S03) attracted many attendees eager to learn more about their innovative solutions and services.

Ksolves expressed gratitude towards the organizers of Odoo Community Days USA & Canada 2024 for facilitating a seamless networking experience, enabling meaningful interactions and collaborations with industry leaders and peers.

Looking Ahead: Odoo Experience 2024

Building on the momentum from these successful events, Ksolves is now gearing up for the highly anticipated Odoo Experience 2024, scheduled for October 2-4, 2024, at Brussels Expo, Belgium. Ksolves’ adept Odoo specialists will be on hand to guide and upgrade the Odoo proficiency of event visitors, offering them an exclusive early bird view of Odoo 18 and its new apps and features.

About Ksolves

With over 12 years of experience, a market cap of $143.23 million, and a talented workforce of over 520+ professionals, Ksolves has established itself as a leader in the Odoo ecosystem. The company boasts 120+ certified Odoo developers and consultants, a 97% client retention rate, and has successfully completed over 150+ Odoo implementations across 25+ industries.

Ksolves offers a comprehensive suite of Odoo development services, including:

  • Consulting
  • Integration
  • Module Development
  • Support & Maintenance
  • Upgrades
  • Theme Development
  • Customization
  • Implementation
  • Website/Application Development

For more information, please visit Ksolves’ website.

Media Contact

Organization: Ksolves India Limited

Contact Person: Kirti Sharma

Website: https://www.ksolves.com/

Email: Send Email

Country: India

Release Id: 17092417079

The post Ksolves Attends Odoo Community Days India and USA Canada 2024 Showcasing Expertise in Telecom and Large-Scale Odoo Enterprise Database Migration appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

FalXDex Unveils Game-Changing Router & Liquidity Pools

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Açıklama otomatik olarak oluşturuldu

 

FalXDex, the fastest decentralized exchange on the Solana blockchain, has launched two new features: the FalX Router and Liquidity Pools, designed to bring enhanced speed, lower fees, and new passive income opportunities to DeFi users.

Key Features of the FalX Router:

Ultra-Fast Trading: With swap times averaging 3,300 milliseconds, FalXDex outpaces competitors like Raydium (32,300 ms) and Jupiter (24,400 ms).

Lower Fees: FalXDex offers a competitive platform fee of 0.175%, significantly below the industry average of 0.25%.

Optimized Pricing: The router ensures traders receive the best possible prices by navigating through liquidity pools efficiently.

Liquidity Pools:

Earn from Trading Fees: By providing liquidity, users can earn a portion of the trading fees from swaps, offering a simple way to generate passive income.

High Yield Potential: Early liquidity providers stand to benefit the most as trading volumes increase, making early participation highly rewarding.

Why Choose FalXDex?

Fastest on Solana: With 3,300 ms swap times, traders can execute faster trades and capitalize on market opportunities more efficiently.

Lower Transaction Fees: At 0.175%, users save more on each trade, reducing overall costs.

Security and Reliability: Built on Solana, FalXDex offers a secure and stable platform for DeFi users.

FalXDex continues to set new standards for decentralized exchanges, offering speed, affordability, and reliable earning opportunities. Start trading and earning today.

How to Get Started with Liquidity Pools on FalXDex

Participating in FalXDex’s liquidity pools is a simple process. Here’s how to get started:

Connect Your Solana Wallet: Visit the FalXDex website, launch the app, and connect your Solana wallet (e.g., Phantom or Solflare).

Deposit Assets: Choose which assets to contribute to a liquidity pool. You can create a new pool or join an existing one, depending on the available trading pairs.

Start Earning: After adding assets, you’ll begin earning a portion of the fees from trades that use your liquidity.

Monitor Your Rewards: Track your earnings through the FalXDex platform and withdraw your rewards or remove liquidity at any time for full control.

By providing liquidity, you earn passive income while supporting the platform. The more trading volume in the pool, the higher your potential rewards.

Existing Features You Already Love

FalXDex is already known for its fast transactions and low fees, powered by the Solana blockchain. Here’s what makes it stand out:

Staking Rewards: Earn 80% APR by staking your tokens.

Weekly Airdrops: The top 100 stakers receive weekly airdrops, offering long-term incentives.

FalXDex: The Future of Decentralized Trading

With the launch of its Router and Liquidity Pools, FalXDex continues to innovate in decentralized finance. The platform offers:

Unrivaled speed for traders looking to seize market opportunities.

Low fees, providing a cost-effective trading experience.

Passive income opportunities through liquidity pools and staking.

These features, combined with the platform’s existing strengths, make FalXDex the top choice for traders and investors on the Solana blockchain.

Get Involved Today

Ready to experience FalXDex? Visit the website to connect your wallet, trade, or contribute to a liquidity pool. Stay updated by joining the FalXDex community:

Telegram: https://t.me/FalconXTheOfficial 

Twitter: https://x.com/FalxDex 

Discord: https://discord.gg/falxdexofficial 

Websitehttps://falxdex.com/ 

Whether you’re an experienced DeFi investor or new to decentralized trading, FalXDex offers a fast, affordable, and profitable experience. Get started today.

Media Contact

Organization: FalXDex

Contact Person: Helen Ainsworth

Website: https://falxdex.com/

Email: Send Email

Address: 57 Rue de Charonne, France

Country: France

Release Id: 17092417068

The post FalXDex Unveils Game-Changing Router & Liquidity Pools appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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