What do you do when you are a crypto exchange with a user base of 2 million and suddenly experiences a major cyber attack? You shut it down and take care of the issue!
Hotbit went through something like that when the crypto exchange got hacked in April 2021. The company announced that their systems had been breached and a group of hackers was trying to access the wallets. However, they were unsuccessful in doing so as the threat was identified early on, and the risk control measures prevented that from happening.
Post this, Hotbit shut down for a couple of weeks, so that a comprehensive investigation can be carried out