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 (ETH) and now sit in a newly created Ethereum wallet.

XT.com, a cryptocurrency exchange trading $3.4 billion daily, suspended withdrawals on its platform after a suspected $1.7 million hack. The exchange suspended withdrawals, citing “wallet upgrade and maintenance,

XT.com, a Seychelles-based cryptocurrency exchange, has paused withdrawals following reports of a suspected $1.7 million hack.

Cryptocurrency exchange XT.com has hit a roadblock, suspending withdrawals following what looks like a $1.7 million hack. The Seychelles-based

The XT.com exchange announced today that its wallet had been hacked and an ‘abnormal asset transfer’ had transferred out nearly $1M worth of USDT. XT confirmed that its users' funds remained safe and unaffected,