XT.com Suspends Withdrawals After Suspected $1.7M Hack
XT.com, a cryptocurrency exchange, has suspended withdrawals after detecting a suspected hack that may have resulted in the theft of approximately $1.7 million worth of funds. The breach primarily affected the exchange's wallet system, and as a result, the platform temporarily halted both withdrawals and deposits for several tokens to prevent further loss. This move comes as the exchange investigates the incident and works on securing its systems.In response to the hack, XT.com assured users that it is taking the necessary steps to address the security vulnerability and safeguard user assets. Additionally, the exchange has stated that it will provide updates on the situation as the investigation progresses. The halt in services has caused inconvenience to some users, but the exchange has emphasized that this is a temporary measure aimed at protecting funds.
The exchange has previously suspended withdrawals for various tokens during system upgrades or maintenance, which is part of its regular operational protocol. However, this recent suspension due to a security breach is more critical and has prompted increased scrutiny. Users are encouraged to monitor XT.com's official announcements for further updates and any instructions on how to proceed with their accounts.
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