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XT Exchange Hacked, $1.7 Million Stolen in Cryptocurrency, Withdrawal Halted
A major cryptocurrency exchange, XT.com, suspended all withdrawals on November 28, 2024, following a suspected hack that resulted in the theft of approximately $1.7 million worth of digital assets. The Dubai-based exchange, which boasts a daily trading volume of $3.4 billion, initially cited “wallet upgrade and maintenance” as the reason for the suspension. Blockchain security […] The post XT Exchange Hacked, $1.7 Million Stolen in Cryptocurrency, Withdrawal Halted appeared first on Cyber Security News.
A major cryptocurrency exchange, XT.com, suspended all withdrawals on November 28, 2024, following a suspected hack that resulted in the theft of approximately $1.7 million worth of digital assets.
The Dubai-based exchange, which boasts a daily trading volume of $3.4 billion, initially cited “wallet upgrade and maintenance” as the reason for the suspension.
Blockchain security firm PeckShield first reported the security breach, which detected an “abnormal transfer” from XT.com wallets.
According to reports, the hacker swiftly converted the stolen funds into 461.58 Ether (ETH), valued at about $1.7 million at the time of the incident.
The converted assets were then transferred to an Ethereum address identified by the security firm. XT.com later acknowledged the incident, confirming an “abnormal transfer of platform wallet assets”.
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