At XT Exchange, your trust is at the heart of everything we do.

On November 28th, 2024, we discovered an unusual transfer involving approximately $1 million USDT across 12 different currencies from one of our platform wallets (on-chain address: 0xdb3ded7731c781224ec292e2163d9554c094fd7c).

We understand that news like this can be unsettling, so we want to reassure you: your funds are completely safe. The assets involved belong solely to XT Exchange, and no user funds are affected.

Our team immediately launched a thorough investigation. We’re working closely with top cybersecurity experts and relevant authorities to uncover what happened and prevent similar incidents in the future. As always, we’ll keep you informed as the situation develops.

We Believe in Transparency.

We’ve always prioritized transparency in how we manage funds. Here’s a quick look at one of our stablecoin reserves to give you an idea of the strength behind XT Exchange:

Stablecoin Reserve at a Glance

• Wallet Address:0x2DD748f9ccfE851aF87614b30C90016eAAf7eE2C
• ETH Balance: 7.5196 ETH ($27,123.55 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): <1%

Multichain Portfolio

• Ethereum: $12,115,136 (99%)
• Arbitrum One: $84,303 (1%)
• BNB Chain: $52 (<1%)

This reserve is part of a larger system we’ve built to protect your assets and ensure stability across the platform.

In addition, we maintain a strong reserve to ensure full liquidity at all times. As of November 28th, 2024 8:23:43 AM, our total reserve stands at $146,792,780.07.

Here’s a closer look at our financial backbone:

Reserve Details

• 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 Allocation

• Bitcoin (BTC): 97.79%
• Tether (USDT): 2.21%

This solid foundation reflects our dedication to protecting your assets and maintaining platform integrity.

We’re not just reacting—we’re taking proactive steps to ensure your funds are even safer in the future.

What We’re Doing to Strengthen Security:

• Enhanced Security Systems: We’re rolling out new, advanced threat detection tools to spot and stop potential issues faster.
• Merkel Tree Asset Proof System: Launching in mid-December, this will allow you to independently verify our asset holdings, making our operations more transparent than ever.
• Independent Security Audits: We’re bringing in leading cybersecurity firms to evaluate and fortify our systems.
• User Education Campaigns: We’ll share tips and tools to help you better protect your accounts from phishing and other risks.

Your Trust Fuels Us. For over six years, we’ve been building XT Exchange with one mission: to provide you with a secure, reliable platform. Every challenge we face only strengthens our commitment to you, our community. Your trust means everything, and we’re here to keep earning it, every step of the way.

We’ll keep you updated as we learn more. If you have any questions, feel free to reach out to us at support@xt.com.

Thank you for being part of XT Exchange. Together, we’ll keep moving forward.

The XT Team

November 28, 2024