PANews reported on February 4 that the crypto exchange XeggeX posted a message on its platform yesterday afternoon, stating: "The CEO's account was hacked, and we lost the TG account and the XeggeX community group. Apart from that, we still don't know the details. Moreover, the most important thing right now is that we have successfully locked the wallet to ensure the safety of the funds. Due to the disconnection between our database and the network, there are still login issues, and we will check all the content in the background. The next news will be more detailed after we obtain more comprehensive information."
However, two hours before XeggeX released the above announcement, the crypto media BlockTempo analyzed that "XeggeX is suspected of a collapse, and many users have left messages under the official pinned post reflecting their inability to log in to the platform. Furthermore, a check of the official website revealed that all tokens have been delisted, exacerbating market doubts. The market experienced a bloodbath yesterday, which may have led to a large number of users rushing to withdraw, triggering a bank run crisis. If the platform is unable to resume normal operations, it is highly likely that it has run away." After checking, PANews found that the XeggeX website currently only displays "We'll be back soon" and has not yet resumed normal operations.
