Why Did XT Exchange Cease Withdrawals Abruptly?

Quick Summary:

The exchange ranked 23rd on Coingecko and facilitating over $3.4 billion in daily trading volume, announced the suspension on November 28, citing a “wallet upgrade and maintenance.

XT.com, a Seychelles-registered cryptocurrency exchange, has suspended all cryptocurrency withdrawals following an alleged hack that resulted in the loss of $1.7 million.

The swapped ETH currently resides in a wallet identified by PeckShield.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab EmiratesSeychelles

Topics: Cryptocurrency Hack XT Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 12:04:47 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23923658

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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