$3 Billion Crypto Exchange XT Allegedly Hacked

🔍 XT Exchange, one of the top cryptocurrency platforms with over $3 billion in daily trading volume, has come under scrutiny after a suspected $1.7 million hack was uncovered by blockchain security firm PeckShield.

PeckShield reported that the attacker: 💸 Stole approximately $1.7 million in cryptocurrencies. ♻️ Converted the stolen funds into 461.58 ETH. 📬 The funds now reside in a wallet associated with the address “0xB43f…”

🗣️ PeckShieldAlert:

“Our community member has detected that @XTexchange appears to have been hacked for ~$1.7 million worth of cryptos.”

In response to the breach, XT Exchange issued a statement on social media:

🚨 “Today, XT detected an abnormal transfer from our platform wallet. Rest assured, this will not affect our users.” 💪

💼 Key Points from XT’s Statement:

🔒 XT maintains reserves 1.5x greater than user assets to cover potential losses. 🌳 Plans to launch a Merkel Tree Asset Proof System in December for enhanced transparency and user trust.

XT Exchange is a major player in the crypto space: 💹 $3.15 billion in 24-hour spot trading volume (CoinMarketCap). 💰 Total reported assets of $146.1 million.

⚠️ This breach raises concerns about the platform’s security protocols and user asset protection.

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