Crypto Exchange XT Is Hacked for $1.7 MThe exchange stated users’ funds are safe.
Nov 28, 2024, 11:00 a.m.
Cryptocurrency exchange XT.com has actually suffered a hack worth $1.7 million, according to blockchain security company PeckShield.
The taken funds were transformed to ether (ETH) and now being in a freshly developed Ethereum wallet.
“Today, XT spotted an unusual transfer from our platform wallet. Feel confident, this will not impact our users,” XT.com composed on X. “We constantly keep reserves 1.5 x higher than user properties to make sure optimal security.”
CoinGecko information reveals that the Seychelles-based exchange has $47.7 million in reserves and reported trading volume of $3.3 billion in the previous 24 hours.
The hack marks the current in a string of attacks targeting exchanges; BingX and Indodax lost $43 million and $22 million, respectively, in September.
Oliver Knight
Oliver Knight signed up with CoinDesk as a news press reporter in April 2022. Before signing up with CoinDesk, Knight was the Chief Reporter at Coin Rivet for 3 years. Having actually finished with a journalism degree from Birmingham City University, Knight went on to operate at numerous sports publications before diving into the world of Bitcoin in 2014. He does not have any crypto holdings.
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