At the XT Exchange, your trust has always been our core driving force.
On November 28, 2024, we discovered an abnormal fund transfer from a wallet (on-chain address: 0xdb3ded7731c781224ec292e2163d9554c094fd7c) on the platform, involving approximately 1 million USDT, distributed across 12 different cryptocurrencies.
We understand that this news may cause you concern, so we immediately confirm to you: your funds are completely safe. The assets involved in this incident belong to the XT Exchange itself and have not affected any user funds.
Our team has quickly launched a detailed investigation and is closely cooperating with top cybersecurity experts and relevant departments to deeply analyze the root cause of the incident and take measures to prevent similar problems from happening again. We promise to keep you updated on the latest progress.
Transparency and responsibility are our commitments.
XT Exchange has always adhered to transparency as the core, ensuring open and transparent fund management. Here is the detailed information of one of our stablecoin reserves, so that you can have a clearer understanding of the soundness of XT Exchange:
Stablecoin Reserve Overview
Wallet Address: 0x2DD748f9ccfE851aF87614b30C90016eAAf7eE2C
ETH Balance: 7.5196 ETH ($ 27,123.55, calculated at $ 3,607.03/ETH)
Total Reserve Value: $ 12,199,492
Tether (USDT): 90.34% ($ 11,021,221.40)
Shiba Inu (SHIB): 4.80% ($ 584,990.61)
Pepe (PEPE): 2.45% ($ 299,307.42)
BZZ (BZZ): 1.24% ($ 150,803.29)
Other Tokens (WLD, BNB, ETH):
Multi-Chain Asset Distribution
Ethereum: $ 12,115,136 (99%)
Arbitrum One: $ 84,303 (1%)
BNB Chain: $ 52 (
This reserve is part of our larger financial system, focused on safeguarding user assets and maintaining platform stability.
In addition to the stablecoin reserve, XT Exchange also maintains sufficient overall fund reserves to ensure the platform has adequate liquidity at all times. As of November 28, 2024, at 8:23:43 AM, our total reserves reached $ 146,792,780.07, with details as follows:
Bitcoin (BTC):
Address: bc1q8hnen9qfvgjv2mka3czqtmx8p4y7akuyfdvjrt - 898.08 BTC ($ 85,802,921.87)
Address: bc1qkss0j0w0usv7srl7x8s4f8fyv8uca8ngaend0m - 465 BTC ($ 44,426,285.71)
Address: 32BN3dJ8pCx6dV4krhNDhrtT82eebNKh5f - 113.75 BTC ($ 10,867,720.43)
Address: 3GoRKLQQSMesvh1zLXKpQLqmUpernDae4e - 30.57 BTC ($ 2,920,670.01)
Tether (USDT):
Address: 0x033f74f97796d4E521506491954C71fFA75DadF4 - 3,251,797.99 USDT ($ 3,253,210.15)
Token Distribution
Bitcoin (BTC): 97.79%
Tether (USDT): 2.21%
This financial data clearly demonstrates our commitment to protecting user assets and maintaining platform stability.
In addition to addressing this incident, we are also actively taking measures to further strengthen the security of the platform:
Upgrade Security System: Deploy advanced threat detection tools to identify and prevent potential risks more quickly.
Merkle Tree Asset Proof System: Planned to be launched in mid-December, to help users independently verify platform assets and enhance transparency.
Independent Security Audit: Hire top cybersecurity companies to conduct a comprehensive system review and strengthen platform security.
User Education Program: Provide security guides and tools to help users protect against potential threats such as phishing attacks.
Thank you for your support and trust. Over the past six years, the XT Exchange has been dedicated to providing users with a secure and reliable trading platform. Each challenge has made us more resilient and more determined in our commitment to you. Your trust is the driving force behind our continuous progress, and we will continue to do our utmost to safeguard the security of your assets.
We will continue to update the progress of the incident investigation through official channels. If you have any questions, please feel free to contact us at support@xt.com.
Thank you for your continued support. Let us move forward together and create a safer future!
XT Team November 28, 2024
