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Cryptocurrency News Articles
XT Exchange Hacked? PeckShield Claims $1.7 Million Hack Attack, Exchange Says “Don’t Worry”
Nov 28, 2024 at 06:43 pm
Today, a few hours ago, critical posts began to spread that a cryptocurrency exchange had been hacked. First of all, PeckShield, one of the Blockchain
A crypto exchange was reportedly hacked on Monday for $1.7 million, according to Blockchain detective PeckShield.
The exchange, identified as XT Exchange by CoinGecko, is said to have had the stolen funds converted into 461.58 ETH by the hacker.
PeckShield noted the development in a post shared a few hours ago.
Meanwhile, an official statement is yet to be released by the exchange.
However, the exchange is reported to have stated in an earlier announcement that it will be launching a Merkle Tree proof of existence system in mid-December for increased transparency.
Merkle Tree is a cryptographic tool that enables large volumes of data to be combined into a single hash.
The single hash, known as the Merkle Root, serves as a cryptographic seal that "summarizes" all the data entered.
Furthermore, Merkle Tree empowers users to verify specific content included within a particular "sealed" data set.
This capability of Merkle Tree has seen crypto exchanges integrate it to verify their reserves following the FTX fiasco.
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
