Cyber Attack Causes Major Loss: XT Exchange, based in Seychelles, suffered an attack where hackers stole 1.7 million USD. Security firm PeckShield confirmed that unauthorized transactions originated from XT’s wallet structure.
XT’s Commitment to Users: XT Exchange emphasized that their assets are 1.5 times larger than user funds. They also plan to implement an asset proof system by December 2024 to enhance transparency.
Community Vigilance: The community quickly detected underlying issues, showing the importance of vigilance in the crypto field. The hack serves as a reminder about protecting personal assets.
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