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XT Exchange Hacked, $1.7 Million Stolen

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Centralized crypto exchange XT has suspended withdrawals due to “maintenance and wallet updates.” According to PeckShieldAlert, the exchange lost $1.7 million as a result of the hack.
According to the findings of blockchain analysts, the attacker exchanged the stolen crypto assets for 461.58 ETH. The funds remain at the address identified by PeckShield.

The team of the affected exchange confirmed the information about the "anomalous transaction" from the platform's wallet and assured that customer funds are safe - the volume of reserves is 1.5 times greater than the amount of user assets.

In addition, by mid-December 2024, the developers promised to implement the Merkel Tree Asset Proof system to increase transparency.

XT is a centralized cryptocurrency exchange launched in 2018. The platform offers more than 1,000 pairs, and the daily trading volume according to CoinGecko is $3.35 billion.
 

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