Jun 18, 2024 12:25
HTX, aSingapore-based cryptocurrency exchange, has announced the appointment ofHassan Sunny, the national football team goalkeeper, as its new ChiefSafeguarding Officer (CSO).
Althoughthe move is promoted to bolster the exchange's commitment to ensuring thesafety and security of user assets in the crypto world, It is essentially asponsorship agreement with a new ambassador from the world of sports.
HTX Appoints Hassan Sunnyas Chief Safeguarding Officer
Sunny, who recently gained national hero status in China for his performance in the 2026FIFA World Cup Asian Qualifiers, has been the goalkeeper for the Singaporenational team since 2004, playing 115 matches during this time. Since 2023, hehas also been associated with the local club Albirex Niigata.
During the mid-June match against Thailand, he saved 11 shots from theopposition, ultimately eliminating Thailand from further qualifyingcompetitions and helping China to advance to the next phase of the competition.
"Thepartnership between HTX, the 'People's Exchange', and Hassan Sunny, the'People's Goalkeeper', is a perfect match," said Justin Sun, the Member ofthe HTX Global Advisory Board.
HTX hasestablished its latest sponsorship collaboration with a popular Asian athlete at a time when its trading volumes have significantly increased. FinanceMagnates reported at the end of May that the exchange surpassed Coinbase byreaching $2.4 billion in spot trading volume.
For the first time, @HTX_Global has more spot trading volume than @coinbase. This is just the beginning, and we are just getting started. pic.twitter.com/VeYHFCviHy
H.E. Justin Sun (@justinsuntron)
May 27, 2024"Justas Sunny fearlessly protects his goal on the field, HTX is committed toprotecting every user's assets with the same determination and resolve,providing the safest and most reliable investment environment possible, addedSun.
From Huobi to HTX:Navigating Brand Changes and Security Setbacks
LastSeptember marked a significant milestone for the cryptocurrency exchangeformerly known as Huobi, which rebranded itself as HTX to celebrate itstenth anniversary.
The newlyadopted name HTX is imbued with symbolism: 'H' for Huobi, 'T' for TRON, and 'X'reflecting the essence of an exchange. This change commemorates a decade of operation and aligns the name with the exchanges nativecryptocurrency, represented by 'HT', and the Roman numeral 'X' for ten.
However, HTX encountered serious security issues during its evolution. A major cyberattack in September 2023 led to a loss of $7.9 million in digital assets. The blockchain analytics company Cyvers detected and publicized this breach.
Thetroubles continued into November when another breach resulted in a $30 millionloss, forcing HTX to cease operations temporarily. This incident triggered asharp withdrawal of funds by investors. Between the resumption of services onNovember 25 and December 10, HTX saw a net outflow of $258 million, as reportedby DefiLlama.
This article was written by Damian Chmiel at www.financemagnates.com.
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