XT Exchange: Your security is our top priority
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XT Exchange: Your security is our top priority
XT Exchange has always been committed to providing users with a secure and reliable trading platform.
Navigating Web3 tides with focused insights
At XT Exchange, your trust has always been our core driving force.
On November 28, 2024, we detected an unusual fund transfer from one of our platform wallets (on-chain address: 0xdb3ded7731c781224ec292e2163d9554c094fd7c), involving approximately 1 million USDT across 12 different cryptocurrencies.
We understand this news may cause concern, and we immediately want to assure you: your funds are completely safe. The assets involved in this incident belong solely to XT Exchange and have not affected any user funds.
Our team has swiftly initiated a detailed investigation and is working closely with top cybersecurity experts and relevant authorities to analyze the root cause and implement measures to prevent similar incidents in the future. We commit to providing ongoing updates as more information becomes available.
Transparency and accountability are our promises.
XT Exchange has always prioritized transparency, ensuring open and clear financial management. Below is detailed information about one of our stablecoin reserves, offering greater clarity on XT's financial robustness:
Stablecoin Reserve Overview
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Wallet Address: 0x2DD748f9ccfE851aF87614b30C90016eAAf7eE2C
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ETH Balance: 7.5196 ETH ($27,123.55 at $3,607.03/ETH)
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Total Reserve Value: $12,199,492
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Tether (USDT): 90.34% ($11,021,221.40)
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Shiba Inu (SHIB): 4.80% ($584,990.61)
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Pepe (PEPE): 2.45% ($299,307.42)
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BZZ (BZZ): 1.24% ($150,803.29)
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Other Tokens (WLD, BNB, ETH): <1%
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Multichain Asset Distribution
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Ethereum: $12,115,136 (99%)
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Arbitrum One: $84,303 (1%)
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BNB Chain: $52 (<1%)
This reserve forms part of our broader financial system focused on safeguarding user assets and maintaining platform stability.
In addition to this stablecoin reserve, XT Exchange maintains substantial overall reserves to ensure sufficient liquidity at all times. As of November 28, 2024, at 8:23:43 AM, our total reserves reached $146,792,780.07, detailed as follows:
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Bitcoin (BTC):
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Address: bc1q8hnen9qfvgjv2mka3czqtmx8p4y7akuyfdvjrt — 898.08 BTC ($85,802,921.87)
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Address: bc1qkss0j0w0usv7srl7x8s4f8fyv8uca8ngaend0m — 465 BTC ($44,426,285.71)
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Address: 32BN3dJ8pCx6dV4krhNDhrtT82eebNKh5f — 113.75 BTC ($10,867,720.43)
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Address: 3GoRKLQQSMesvh1zLXKpQLqmUpernDae4e — 30.57 BTC ($2,920,670.01)
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Tether (USDT):
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Address: 0x033f74f97796d4E521506491954C71fFA75DadF4 — 3,251,797.99 USDT ($3,253,210.15)
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Token Distribution
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Bitcoin (BTC): 97.79%
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Tether (USDT): 2.21%
This financial data clearly reflects our commitment to protecting user assets and upholding platform stability.
Beyond responding to this incident, we are actively enhancing platform security through the following measures:
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Security System Upgrade: Deploying advanced threat detection tools to identify and block potential risks faster.
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Merkle Tree Proof-of-Assets System: Scheduled for launch by mid-December, enabling users to independently verify platform assets and enhance transparency.
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Independent Security Audit: Engaging leading cybersecurity firms to conduct comprehensive system reviews and strengthen platform defenses.
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User Education Program: Providing security guides and tools to help users guard against phishing attacks and other threats.
Thank you for your continued support and trust. Over the past six years, XT Exchange has remained committed to delivering a secure and reliable trading environment. Every challenge strengthens our resolve and reinforces our promise to you. Your trust continues to drive us forward, and we will spare no effort in safeguarding your assets.
We will continue to provide updates via official channels regarding the investigation. If you have any questions, please contact us at: support@xt.com.
Thank you for your ongoing support. Let’s move forward together toward a safer future!
XT Team
November 28, 2024
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