Crypto exchange XT.com suffers $1.7 million hack
On November 28, cryptocurrency exchange XT.com abruptly suspended withdrawals, citing a "wallet upgrade and maintenance". However, after a blockchain security firm identified $1.7 million in suspicious transfers, XT.com acknowledged that they had "detected an abnormal transfer from our platform wallet". According to an announcement, the stolen funds were company assets, rather than cryptocurrencies belonging to users.