“Centralized crypto exchange XT has suspended withdrawals due to “technical work and wallet updates”. According to PeckShieldAlert, the site lost $1.7 million due to the hack. #PeckShieldAlert Our community member has detected that @XTexchange appears to have been hacked for ~$1.7 million worth of cryptos. The hacker has swapped the stolen funds for 461.58 $ETH & sit in 0xB43f…8F83 pic.twitter.com/bwINPguXlZ — PeckShieldAlert (@PeckShieldAlert) November […]”, — write: businessua.com.ua
Centralized crypto exchange XT has suspended withdrawals due to “technical work and wallet updates”. According to PeckShieldAlert, the site lost $1.7 million due to the hack.
#PeckShieldAlert Our community member has detected that @XTexchange appears to have been hacked for ~$1.7 million worth of cryptos.
The hacker has swapped the stolen funds for 461.58 $ETH & sit in 0xB43f…8F83 pic.twitter.com/bwINPguXlZ— PeckShieldAlert (@PeckShieldAlert) November 28, 2024
According to the findings of blockchain analysts, the attacker exchanged the stolen crypto-assets for 461.58 ETH. Funds remain at the PeckShield identified address.
The team of the affected exchange confirmed the information about the “abnormal transaction” from the platform’s wallet and assured that customers’ funds are safe – the amount of reserves is 1.5 times higher than the amount of user assets.
In addition, the developers promised to implement the system by mid-December 2024 Merkel Tree Asset Proof to increase transparency.
XT is a centralized cryptocurrency exchange launched in 2018. More than 1,000 pairs are represented on the site, and the daily trading volume according to CoinGecko is $3.35 billion.
Previously, North Korean hackers were blamed for hacking the Upbit exchange and stealing 342,000 ETH in 2019.
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