XT exchange suspends withdrawals after reported $1.7 million hack
Dubai-based crypto exchange XT.com has suspended withdrawals after a hacker reportedly stole up to $1.7 million before converting it into ether (ETH). A statement from XT this morning claims the exchange suffered an “abnormal transfer” of crypto from its platform wallet with the address 0xdb3ded7731c781224ec292e2163d9554c094fd7c. “The amount involved in this incident is approximately 1 million USDT across 12 different currencies,” XT claimed. However, the crypto security firm PeckShieldAlert reports that the exchange appears to have been hacked. It claims that the stolen funds were converted into 461.58 ETH, worth almost $1.7 million at the time of writing, and are sitting in an Ethereum address. #PeckShieldAlert Our community member has detected that @XTexchange appears to have been hacked for ~$1.7 million worth of cryptos. The hacker has swapped the stolen funds for 461.58 $ETH & sit in 0xB43f…8F83 pic.twitter.com/bwINPguXlZ — PeckShieldA...