XT.com Hit by $1.7M Hack, Funds Converted to 461 ETH

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Crypto exchange XT.com, ranked 23rd by trading volume on CoinGecko, has reportedly suffered a $1.7 million hack. On November 28, PeckShield identified suspicious activity, with stolen funds converted to 461.58 ETH and transferred to a wallet. XT.com announced a withdrawal suspension citing “wallet updates,” but shared updates only on its website, leaving social media silent. Interestingly, the XT token surged 6% despite the hack, likely due to its limited trading on other platforms. This incident follows other exchange hacks, highlighting ongoing vulnerabilities despite improved crypto security measures in 2024.