Seychelles-based crypto exchange with a daily trading volume of $3.15+ billion, XT Exchange, has halted withdrawals. It happened after they were attacked by hackers who stole $1.7 million.
The hack is a new cause of concern regarding the security of crypto exchanges. Even though XT has sought to reassure users that their funds are safe.
The breach was first reported by blockchain security firm PeckShield. They pointed out that unauthorized transactions originated from the wallet structure of XT.
Source: PerkShieldAlert X
According to updates, the attacker quickly liquidated the stolen resources. They obtained 461.58 ETH in a wallet with the address “0xB43f.”
The community vigilance was also instrumental since immediately blockchain enthusiasts pointed at potential issues.
XT Exchange Reacts: Assurances Amid Uncertainty
In an effort to contain the situation, XT Exchange acknowledged the breach. They assured users that their funds weren’t compromised.
The platform h
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