XT Crypto Exchange Breach: $1.7 Million Lost
Dubai-based XT exchange froze withdrawals on October 28, 2025, following a suspected $1.7 million theft.
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The XT cryptocurrency exchange, based in Dubai, suspended all withdrawals on October 28, 2025, following a hack that resulted in the theft of approximately $1.7 million, later converted to Ethereum (ETH).
In a statement, XT reported detecting an “abnormal transfer” from one of its wallets. The stolen funds totaled more than $1 million and were distributed across 12 cryptocurrencies.
Official announcement by XT.com. Source: xtsupport.zendesk.com
PeckShieldAlert, a cybersecurity company specializing in blockchain, confirmed the theft and revealed that the stolen assets had been converted into 461.58 ETH, valued at $1.7 million.
The XT exchange team reassured its users that their funds were unaffected.
Rest assured. Users’ assets are always safe! We are solving the problem and all will be back to normal soon.
They also emphasized that the exchange holds reserves 1.5 times the total value of user balances. Despite this, withdrawals have been temporarily halted.
XT is taking steps to counter false information and connect with its community. On November 28 at 14:00 UTC, the exchange hosted a Twitter Space discussion titled “Free Talk: Everything is Fine & Stay SAFU” via their X account.
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