XT Exchange Suspends Withdrawals Following $1.7M Hack

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XT Exchange Suspends Withdrawals Following $1.7M Hack
XT Exchange, trading over $3 billion worth of cryptocurrency daily, has suspended all coin withdrawals. In an update shared with users, the exchange claimed the suspension arose due to “wallet upgrade and maintenance.”
Hacker Swaps $1.7M Theft to Ethereum
However, about an hour earlier, prominent security firm PeckShield reported that XT.com seemed to have suffered a hack by malicious actors. According to PeckShield, the loss inflicted by the malicious attacker on the exchange was worth $1.7 million in cryptocurrency.
PeckShield reported that as soon as the hacker successfully stole the funds, he immediately swapped them for 461.58 ETH

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