{"id":101786,"date":"2024-11-28T09:59:21","date_gmt":"2024-11-28T13:59:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101786"},"modified":"2024-11-28T09:59:24","modified_gmt":"2024-11-28T13:59:24","slug":"xt-com-exchange-suspends-withdrawals-amid-hack-report","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xt-com-exchange-suspends-withdrawals-amid-hack-report\/","title":{"rendered":"XT.com Exchange Suspends Withdrawals Amid Hack Report"},"content":{"rendered":"\n

After a suspected $1.7 million breach, XT.com, a cryptocurrency exchange<\/a> with a reported daily trading volume of $3.4 billion, has suspended withdrawals.<\/p>\n\n\n\n

\"XT.com
XT.com Exchange Suspends Withdrawals Amid Hack Report<\/figcaption><\/figure>\n\n\n\n

Citing “wallet upgrade and maintenance,” the exchange suspended disbursements on November 28.<\/p>\n\n\n\n

\"XT.com\u2019s
XT.com\u2019s withdrawal suspension announcement on Nov. 28. Source: XT.com\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/em><\/figcaption><\/figure>\n\n\n\n

The statement was released approximately one hour before a report by blockchain security firm PeckShield indicated that XT.com had been “hacked” for $1.7 million in cryptocurrency.<\/p>\n\n\n\n

Subsequently, XT.com released a statement that recognized an “abnormal transfer of platform wallet assets.”<\/p>\n\n\n\n

Hackers exchange stolen funds<\/h2>\n\n\n\n

Per PeckShield data, the suspected XT.com intruder had already exchanged the funds stolen from the exchange for 461.58 Ether. PeckShield identified the Ethereum address where the transferred assets were located.<\/p>\n\n\n\n

\"PeckShield\u2019s
PeckShield\u2019s announcement of the alleged XT.com\u2019s $1.7 million hack. Source: PeckShieldAlert<\/figcaption><\/figure>\n\n\n\n

XT.com is a centralized cryptocurrency exchange initially founded in 2018 and registered in the Seychelles. <\/p>\n\n\n\n

The exchange facilitates trading over 1,000 digital currencies<\/a>, with daily trading volumes of approximately $3.4 billion.<\/p>\n\n\n\n

Funds are SAFU<\/h2>\n\n\n\n

In an additional communication to its followers on X, XT.com assured users that their crypto holdings at the exchange are secure and unaffected by “recent abnormal asset transfers.”<\/p>\n\n\n\n

\"XT.com\u2019s
XT.com\u2019s communication following the withdrawal suspension on Nov. 28. Source:\u00a0XT Ecxhange<\/em><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

XT.com emphasized that the assets are part of the exchange's reserves. Subsequently, user account balances are negligible.<\/p>\n\n\n\n

“We are taking immediate action, such as launching a Merkle tree proof of reserves by mid-December to increase transparency,” XT.com stated.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

After a suspected $1.7 million breach, XT.com, a cryptocurrency exchange with a reported daily trading volume of $3.4 billion, has suspended withdrawals. Citing “wallet upgrade and maintenance,” the exchange suspended disbursements on November 28. The statement was released approximately one hour before a report by blockchain security firm PeckShield indicated that XT.com had been “hacked” […]<\/p>\n","protected":false},"author":12,"featured_media":101819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5580,1496,937,23128],"class_list":["post-101786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-exchange-2","tag-hack","tag-hackers","tag-xt-com-exchange"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/xtcom.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101786"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101819"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}