XT.com, a Seychelles-based crypto exchange handling over $3.4 billion in daily trading volume, has experienced a suspected hack involving $1.7 million.
Since then, the platform has suspended all customer withdrawals.
XT.com Hack Reportedly Didn’t Affect Customer Funds
Blockchain security firm PeckShield revealed that the attacker had already converted the stolen funds into 461.58 Ether. XT.com initially said withdrawals were suspended due to wallet upgrades and maintenance.
However, the exchange has since acknowledged the incident and stated that user funds were not affected. XT.com also assured users that withdrawal services would gradually resume starting tomorrow, November 29.
“Today, XT detected an abnormal transfer from our platform wallet. Rest assured, this will not affect our users. We always maintain reserves 1.5x greater than user assets to ensure maximum security. Our team is investigating, and we remain committed to protecting your assets,” the exchange posted on X (formerly Twitter).
Founded in 2018, XT.com allows trading for more than 1,000 cryptocurrencies. According to CoinGecko data, it’s the 21st largest centralized exchange based on daily trading volume.
“The amount involved in this incident is approximately 1 million USDT across 12 different currencies. These assets are owned by the platform and will not in any way harm the interests of our customers or users,” XT.com said in official statement.
