Share this article
Crypto Exchange XT Is Hacked for $1.7M
The exchange said users' funds are safe.
Nov 28, 2024, 11:00 a.m.
What to know:
- $1.7 million was stolen in what the exchange described as an "abnormal transfer."
- The funds were converted to ether and now sit in a newly created Ethereum wallet.
- Data shows that XT.com has $47.7 million in reserves.
Cryptocurrency exchange XT.com has suffered a hack worth $1.7 million, according to blockchain security firm PeckShield.
The stolen funds were converted to ether and now sit in a newly created Ethereum wallet.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Today, XT detected an abnormal transfer from our platform wallet. Rest assured, this will not affect our users," XT.com wrote on X. "We always maintain reserves 1.5x greater than user assets to ensure maximum security."
CoinGecko data shows that the Seychelles-based exchange has $47.7 million in reserves and reported trading volume of $3.3 billion in the past 24 hours.
The hack marks the latest in a string of attacks targeting exchanges; BingX and Indodax lost $43 million and $22 million, respectively, in September.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Surf Raises $15M to Build AI Model Tailored to Crypto Research
Pantera Capital led the round, with Coinbase Ventures and Digital Currency Group also participating.
What to know:
- Surf raised $15 million to develop "Surf 2.0" and launch an enterprise product aimed at institutional users.
- The firm said it has generated more than 1 million research reports since July and is seeing 50% month-over-month growth.
Top Stories
