What happened
On November 28, 2024, the centralized exchange XT.com suspended withdrawals amid suspicion of a $1.7 million hack.
Shortly before XT.com acknowledged the breach, PeckShield identified a suspicious outflow of over $1.7 million in cryptocurrency, which was subsequently swapped for 461.58 Ether (ETH). The thief carried out the transaction through an address that moved the stolen tokens from XT.com’s wallets. XT.com responded by confirming the abnormal activity and suspending withdrawals, clarifying that the pilfered funds belonged to its reserves.
The exchange also announced plans to launch a Merkle tree proof of reserves in mid-December to increase transparency.
Protocol details
Evidence
- report @protos incident report x.com
- analysis Website reference cointelegraph.com
- analysis DeFiLlama defillama.com
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