• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hackers Target XT.com, Steal $1M in USDT

user avatar

by Giorgi Kostiuk

a year ago

Today, the XT.com exchange reported an unauthorized transfer of nearly $1M USDT from its wallet. User funds remain secure.

Incident Details

The Seychelles-based exchange announced a temporary suspension of all operations, including user withdrawals. XT.com emphasized that hackers targeted only the exchange's assets, leaving user funds untouched.

Security Measures

To prevent similar incidents from occurring, XT.com implemented several countermeasures, including a Merkle Tree-based Asset Proof System scheduled for mid-December. The exchange confirmed it holds reserves 1.5 times greater than user assets.

All will be back to normal soon.

Implications of the Attack

The incident at XT.com adds to a series of attacks on centralized exchanges this year, with significant incidents including BingX's $43M loss and Indodax's $22M theft.

Despite the incident at XT.com, the exchange continues to take measures to secure user funds. Additional security enhancements are expected in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Tether Launches Self-Custodial Digital Wallet TetherWallet

chest

Tether has launched a self-custodial digital wallet called TetherWallet, supporting USDT, USAT, Bitcoin, and XAUT, aimed at enhancing accessibility for mainstream users.

user avatarAndrew Smith

Senators Near Compromise on Stablecoin Yield Issue

chest

Senators negotiating the stablecoin yield issue are making progress, with a draft compromise expected to be released later this week.

user avatarJacob Williams

Bitcoin Surges Past $75,000 Mark Amid Rising Short Liquidations

chest

Bitcoin's price has risen to over $75,000, marking its highest level since early February, driven by significant short liquidations.

user avatarZainab Kamara

Ethereum and Other Cryptos Also Experience Significant Gains

chest

Ethereum and other major cryptocurrencies have seen substantial price increases, contributing to the overall positive sentiment in the crypto market.

user avatarSon Min-ho

Evernorth Collaborates to Introduce Native XRP Lending

chest

Evernorth is collaborating with XRPL developers to introduce native XRP lending through the proposed XLS66 amendment, unlocking up to 100 billion in idle XRP capital for holders.

user avatarAyman Ben Youssef

NHN KCP and Avalanche Join Forces to Create a New Payment-Focused Blockchain

chest

NHN KCP partners with Avalanche to create a new Layer 1 blockchain focused on real-world payments.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.