Although XT.com acknowledged an “abnormal transfer of platform wallet assets” in a statement, the hack has not yet been verified.
Following a reported $1.7 million theft, XT.com, a cryptocurrency exchange that trades $3.4 billion per day, halted withdrawals on its site.
On November 28, the exchange suspended withdrawals due to “wallet upgrade and maintenance.”
The news was made about an hour before the blockchain security company PeckShield revealed that XT.com “looked to have been hacked” for $1.7 million worth of cryptocurrency.
Following this, XT.com released a statement admitting to an “abnormal transfer of platform wallet assets.”
The exchange added that it “always maintains reserves 1.5x greater than user assets to ensure maximum security,” so users need not worry.
The hacker exchanges stolen money.
The alleged XT.com hacker had already exchanged 461.58 ETH$3,623.30 for money that was taken from the exchange, according to PeckShield data. PeckShield could identify the Ethereum address where the swapped assets were located.
XT.com is a Seychelles-registered controlled cryptocurrency exchange that was founded in 2018. Over 1,000 digital currencies can be traded on the exchange, and as of this writing, daily trading volumes totaled $3.4 billion.
