Seychelles-based XT Exchange Suspends Withdrawals After $1.7M Hack, Funds Swapped to 461.58 ETH

Nov 28, 2024, 11:40 AM

XT Exchange, a Seychelles-based cryptocurrency platform ranked 23rd by CoinGecko, has suspended all withdrawals following a reported hack that resulted in the theft of approximately $1.7 million worth of cryptocurrencies. Blockchain security firm PeckShield confirmed that the hacker swapped the stolen funds into 461.58 ETH, which were then transferred to an external wallet. The breach was detected by multiple AI-powered systems, with unauthorized access leading to funds being moved across ETH, BNB, and OP chains. XT Exchange has assured users that they are addressing the issue, but no further details on the recovery or security measures have been provided.