TechFlow reports that cryptocurrency exchange XeggeX announced yesterday on its platform that the CEO's account had been hacked, resulting in loss of access to the Telegram account and community groups. However, the platform has successfully secured its wallets to ensure fund safety. Due to disconnected databases and network connections, users are currently unable to log in, and the platform is conducting backend investigations.
About two hours before XeggeX issued the announcement, crypto media outlet BlockTempo analyzed that XeggeX appeared to have collapsed, as multiple users reported being unable to log in and the platform had delisted all tokens, intensifying market skepticism. Given the significant downturn in the crypto market yesterday, which may have triggered massive withdrawals and a potential bank run, if the platform cannot resume normal operations soon, it is highly likely that it has abandoned operations entirely.
Currently, XeggeX's website only displays "We'll be back," and normal operations have not yet resumed.
