Crypto Exchange Suspends Withdrawals After $1.7 Million Hack
28.11.2024 17:00 1 min. read Alexander Zdravkov
A cryptocurrency exchange was hit by a suspected hack that led to the theft of $1.7 million, prompting the platform to suspend withdrawals.
XT.com, a crypto exchange handling $3.4 billion in daily trades, temporarily halted withdrawals on November 28, citing “wallet upgrade and maintenance,” just an hour before blockchain security firm PeckShield reported the breach.
PeckShield identified the hack, noting that the exchange had lost $1.7 million in digital assets.
The platform later confirmed the unauthorized transfer of funds from its wallet, assuring users that their assets remained secure.
The exchange stated that its reserves are always 1.5 times higher than user assets, providing an added layer of protection.
Further investigation revealed that the hacker had swapped the stolen funds for 461.58 Ether, which was traced to an Ethereum address flagged by PeckShield.
Launched in 2018 and based in Seychelles, the exchange offers a wide range of digital currency trading options, with daily trading volumes reaching $3.4 billion.
-
1
North Korean Agent Exposed in Crypto Job Scam at Kraken
04.05.2025 20:00 2 min. read -
2
ZachXBT Helps Freeze $7M After $330M Bitcoin Theft From Elderly Holder
05.05.2025 16:00 1 min. read -
3
$330M Bitcoin Heist Traced to Social Engineering Scam Targeting U.S. Senior
04.05.2025 12:00 2 min. read -
4
Samourai Wallet Case Faces Scrutiny After Allegations of Withheld Evidence
07.05.2025 13:00 2 min. read -
5
Alex Mashinsky Seeks One-Year Sentence as DOJ Pushes for 20 Years
08.05.2025 12:00 1 min. read
Man Sentenced to 30 Years for Using Crypto to Fund ISIS Operations
A U.S. court has handed down a 30-year prison sentence to Mohammed Azharuddin Chhipa, who was found guilty of financing terrorism through cryptocurrency.
Celsius CEO Sentenced to 12 Years Over $5 Billion Crypto Scandal
A major chapter in crypto’s legal reckoning closed this week as Alex Mashinsky, once a prominent name in digital lending, received a 12-year prison sentence.
Alex Mashinsky Seeks One-Year Sentence as DOJ Pushes for 20 Years
Former Celsius CEO Alex Mashinsky is asking for a significantly reduced prison sentence ahead of his May 8 sentencing, with his legal team pushing back hard against the U.S. Department of Justice’s call for a 20-year term.
Samourai Wallet Case Faces Scrutiny After Allegations of Withheld Evidence
The legal battle against the creators of Samourai Wallet has taken a sharp turn, as defense attorneys accuse federal prosecutors of suppressing a key legal interpretation from the Treasury Department that could dismantle the core of the government’s case.
-
1
North Korean Agent Exposed in Crypto Job Scam at Kraken
04.05.2025 20:00 2 min. read -
2
ZachXBT Helps Freeze $7M After $330M Bitcoin Theft From Elderly Holder
05.05.2025 16:00 1 min. read -
3
$330M Bitcoin Heist Traced to Social Engineering Scam Targeting U.S. Senior
04.05.2025 12:00 2 min. read -
4
Samourai Wallet Case Faces Scrutiny After Allegations of Withheld Evidence
07.05.2025 13:00 2 min. read -
5
Alex Mashinsky Seeks One-Year Sentence as DOJ Pushes for 20 Years
08.05.2025 12:00 1 min. read