• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, July 24, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

XT.com Faces Security Concerns as $1.7M in Cryptocurrencies Allegedly Stolen, Withdrawals Paused

28 November 2024
in Crypto, News
Reading Time: 3 mins read
103 5
source: economicsonline.co.uk

source: economicsonline.co.uk

Cryptocurrency exchange XT.com, which handles daily trading volumes of $3.4 billion, has temporarily suspended withdrawals due to an incident involving an unusual transfer of assets from its platform wallet.

On November 28, XT.com issued a statement explaining that the suspension was due to a “wallet upgrade and maintenance.” However, just an hour later, PeckShield revealed that the exchange might have been compromised, with approximately $1.7 million in cryptocurrencies reportedly stolen, indicating that the suspected attacker had already converted the stolen assets into 461.58 Ether (ETH), which were then stored in an Ethereum wallet that they identified.

#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

— PeckShieldAlert (@PeckShieldAlert) November 28, 2024

XT.com has acknowledged irregularities in its platform wallets but has reassured users of its financial stability. The exchange stated, “Rest assured, this will not affect our users,” emphasizing that it maintains reserves 1.5 times greater than user assets to ensure security. Additionally, XT.com announced plans to introduce the Merkel Tree Asset Proof System in mid-December to enhance transparency. The company added, “Our team is investigating, and we remain committed to protecting your assets,” and thanked users for their trust and support.

However, the timeline for reopening withdrawals remains unclear, prompting concern among users. An X user @NG_exhales asked,

“That’s reassuring. Thanks for that. However, could you help us with the timeline? When will the withdrawals reopen?”

Founded in 2018 and registered in Seychelles, XT.com facilitates trading over 1,000 digital currencies. The exchange made headlines earlier this year in May 2024 when it announced listing several new tokens and trading pairs, including $BIDEN, a memecoin inspired by U.S. President Joe Biden. The exchange also introduced new futures trading pairs like AEVOUSDT, TAOUSDT, and WUSDT, offering leverage options from 1x to 50x. XT.com launched a zero-fee trading promotion to attract more traders, with participants receiving full refunds on their transaction fees, up to a maximum of 500 USDT.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: PeckshieldXT.COM
Share63Tweet40Share11
Favour Okosodo

Favour Okosodo

Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.

Related Posts

source: nftnow.com
News

US Appeals Court Revokes Yuga Labs’ $9M Trademark Win Against Ryder Ripps

24 July 2025
source: decrypt.co
Crypto

Tether Eyes US Comeback After Historic Crypto Law Passed—Plans Institutional-Grade Stablecoin Services

24 July 2025
source: u.today
Crypto

Ripple Issues Urgent Warning as XRP Scams Surge on YouTube Amid Market Rally

24 July 2025
source: mashable.com
Crypto

Bybit DeFi Report Highlights RWA and DEX Growth Amid Market Slowdown

24 July 2025

Featured Posts

What is a Crypto Order Book and How Does it Work?

What is a Crypto Order Book and How Does it Work?

byOlayinka Sodiq
14 July 2025
0

Elon Musk's xAI Colossus: What It Is and Why It’s a Big Deal?

Elon Musk’s xAI Colossus: What It Is and Why It’s a Big Deal?

byOlayinka Sodiqand1 others
12 July 2025
0

Is AI the Future of Crypto Trading or a Threat to Market Stability?

Is AI the Future of Crypto Trading or a Threat to Market Stability?

byOlajumoke Oyaleke
7 July 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 3)

6 days ago

Account Abstraction Adoption: Are Users Ready for Smart Wallets?

1 week ago

The Role of Real-World Assets (RWAs) in the Next DeFi Boom

1 week ago

Stablecoins in 2025: Still Depegging or Finally Stable?

1 week ago

Your Weekend Crypto Roundup | July 2025 (Week 2)

2 weeks ago

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

2 weeks ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Bybit Card Celebrates Two Million Users with Limited-Edition Collectible and 1 BTC Giveaway

bychainwire
24 July 2025
0

Ethereum Based Meme Coin PEPETO Surpasses $5.5M in Presale

bychainwire
23 July 2025
0

Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot for Individual and Enterprise Traders

bychainwire
23 July 2025
0

MultiBank.io Partners with Fireblocks and Mavryk to Launch $10B Real Estate Tokenization Platform

bychainwire
23 July 2025
0

Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team

bychainwire
23 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00