• 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

Concerns Grow Over Bitcoin's Future Amid High Volatility

chest

Concerns grow over Bitcoin's future due to high volatility, which is four times that of the S&P 500. The launch of Bitcoin ETFs may lead to a market reversal, prompting investors to reconsider their positions.

user avatarKenji Takahashi

Polymarkets Surpasses $4 Billion in Total Volume with Chainlink Integration

chest

Polymarkets' five-minute and fifteen-minute crypto markets have surpassed $4 billion in total trading volume, with over $200 million generated in the first week of trading.

user avatarMaria Fernandez

Zcash Surges Past Resistance Level, Analyst Predicts Bullish Trend

chest

Zcash (ZEC) has surged past the resistance level of a Descending Triangle pattern, indicating a potential bullish trend.

user avatarGustavo Mendoza

Solana Price Faces Downward Correction After Failing to Maintain Above 85

chest

Solana's price has dipped below 85, entering a short-term bearish zone, while showing signs of potential consolidation.

user avatarRajesh Kumar

US Treasury Launches Cybersecurity Initiative for Crypto Industry

chest

The US Department of the Treasury has announced a new initiative aimed at enhancing cybersecurity measures for digital asset firms.

user avatarMiguel Rodriguez

Adam Back Responds to Bitcoin Creator Speculations

chest

Cryptographer Adam Back clarifies his tweet 'We Are All Satoshi', denying claims of being Bitcoin's creator and emphasizing the importance of anonymity in the cryptocurrency space.

user avatarLuis Flores

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.