Cryptocurrency exchange XT.com has suffered a hack worth $1.7 million, according to blockchain security firm <a href=”https://x.com/PeckShieldAlert/status/1862059885174874355″ target=”_blank”>PeckShield</a>.
The stolen funds were converted to ether <a href=”https://www.coindesk.com/price/ethereum” target=”_blank”>(ETH)</a> and now sit in a newly created Ethereum wallet.
„Today, XT detected an abnormal transfer from our platform wallet. Rest assured, this will not affect our users,” XT.com <a href=”https://x.com/XTexchange/status/1862072439154569282″ target=”_blank”>wrote on X</a>. „We always maintain reserves 1.5x greater than user assets to ensure maximum security.”
CoinGecko <a href=”https://www.coingecko.com/en/exchanges/xt” target=”_blank”>data</a> shows that the Seychelles-based exchange has $47.7 million in reserves and reported trading volume of $3.3 billion in the past 24 hours.
The hack marks the latest in a string of attacks tar
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