Just Another Breach Worth $1.7 Million: XT Exchange

[LogitechMouse]

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Affected assets can be worth at least $1.7 million but XT officially stated that no users are affected as the assets in question belong to the exchange itself...and if true this can be good news for its many small users.

Now, in 2025 am expecting more and more successful hacks as these evil people can now be accelerating their movements and enterprises using the best technologies available to be ahead of the security measures adopted by exchanges.

Incidents like these ones are inevitable and it's true because year after year, we are seeing exchanges being hacked here and there.

What's good is that most of these exchanges that are experiencing a hack always say that the assets of their customers aren't affected... or is it? Hmmm. Like you, hacks along the exchanges will still happen because while there are some that MIGHT upgraded their security, the hackers will still find a way to breach their system. TBH, if I didn't saw this post, I will not know that such hacking incident happen yet again. It didn't gain any attention from media, eh?

[milewilda]

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Affected assets can be worth at least $1.7 million but XT officially stated that no users are affected as the assets in question belong to the exchange itself...and if true this can be good news for its many small users.

Now, in 2025 am expecting more and more successful hacks as these evil people can now be accelerating their movements and enterprises using the best technologies available to be ahead of the security measures adopted by exchanges.

Incidents like these ones are inevitable and it's true because year after year, we are seeing exchanges being hacked here and there.

What's good is that most of these exchanges that are experiencing a hack always say that the assets of their customers aren't affected... or is it? Hmmm. Like you, hacks along the exchanges will still happen because while there are some that MIGHT upgraded their security, the hackers will still find a way to breach their system. TBH, if I didn't saw this post, I will not know that such hacking incident happen yet again. It didn't gain any attention from media, eh?

I thought that we would be ending up this year with having no exchange hack news but this one did really end up happening. Good thing that it is really just that a million but knowing XT then this isnt really that too big but still a hack is a hack, Good thing that XT did cover up the loses and didnt affect any small traders out there on which it is really that good news.
Exchange hacks could really happen and this is really that unexpected yet breaches could happen if security is really that having some loopholes.

[Faisal2202]

Just another hack and the latest victim is XT.com, a medium-sized cryptocurrency exchange doing business for years and is based in Seychelles based on registration but its operating headquarters is located in Dubai and operation centers in Singapore, Seoul and other countries and regions.

You are right Every bull run brings more and more hacks and scams because this is the time when people and even exchanges are making millions by leveraging and liquidating, respectively. Yesterday's dip made exchanges millions and now most of the money is on exchanges as well.

I fear one thing that what if any of the tier 1 exchanges got hacked or something like that then we definitely will see bear run. That's why I think we must diversify our funds at least into 5 different platforms. Or if we already if have bought all the tokens we want for long term then we must move them on non-custodial wallets. This hack was to little but it was an awakening call.

[albon]

Thank you for sharing a scam exchange, actually i always consider this exchange as scam. Most of the new projects increase the price of the token by 100x where only fake volume and price are displayed. Here some new coins get listed and create false price records due to which many investors fall into the trap of loss. You will find many stories of fund loss from these exchanges that are blamed on hackers as the starting point. Actually they are involved in all these frauds so many people lose fund from here.