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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...

Singapore-based crypto exchange BingX has been hacked for approximately $43 million, forcing the platform to suspend withdrawals as it investigates the attack. Security analysts from PeckShield say that the funds were drained in multiple tranches. The stolen funds include $13.25 million in Ethereum , $2.3 million worth of Binance Coin (BNB), and $4.4 million in Tether (USDT). Hacker Used Popular DEXs To Swap The Funds For Mostly ETH And BNB The first hack saw around $26 million exit the exchange’s hot wallet. Just a few hours later, the hackers took an additional $16.5 million. A Google Doc shared on X by PeckShield shows that more than 360 different altcoins were drained from BingX. Most of the crypto was swapped for mostly ETH and BNB through decentralized swap platforms such as Uniswap and Kyberswap, according to Etherscan data . As of 2:48 a.m. EST, the wallet linked to the hackers holds over $2 million ETH valued at $5,205,221.39. The wallet also holds 136 tokens wit...

Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on Sunday evening. Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyber attack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million. According to a June 15 tweet from FPG’s official twitter account, upon discovering the security breach FPG locked all third party accounts and migrated wallets. It later halted trading, deposits and withdrawals out of “an abundance of caution.” 1/5 On Sunday, we experienced a cyber security incident. Upon discovery, we locked all third party accounts and migrated and secured all wallets until we better understand the scope and circumstances of this incident. — Floating Point Group (@fpgcrypto) June 14, 2023 Additionally, the firm noted that its account segregation “limited the...

The crypto exchange said it temporarily closed BTC withdrawals due to a "large volume of pending transactions." Bitcoin (BTC) withdrawals on Binance have again been temporarily shuttered as the crypto exchange claimed it was suffering from a large backlog of pending withdrawals. Binance tweeted on May 8 that it closed off BTC withdrawals "temporarily" as there was a "large volume of pending transactions." It added the transactions are still pending as its "set fees did not anticipate the recent surge in [Bitcoin] network gas fees." There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in $BTC network gas fees. Our team is working to accelerate the confirmation of all pending transactions. We'll provide updates here. — Binance (@binance) May 8, 2023 Earlier on May 7, Binance also had to temporarily suspend Bitcoin withdrawal s, claiming there was an overflow of tra...