XT.com Stop People From Collecting Money After Cyber Attack Wey Reach $1.7 Million, Dey Plan How Dem Go Dey Open About Things
XT.com, one cryptocurrency exchange wey dey Seychelles, dem stop people from withdrawing money ontop November 28, after dem suspect say cyberattack happen wey make dem transfer $1.7 million worth of assets without permission. Dem change these assets to 461.58 Ethereum as PeckShield, one blockchain security company, detect am. The exchange say dem stop the withdrawal because dem dey do 'wallet upgrade and maintenance' and dem confirm say user funds still dey safe, say the company reserves go cover the theft. XT.com dey assure their users say dem get reserves wey pass 1.5 times the user assets and dem plan to bring Merkle Tree Proof of Reserves by middle of December to make things more clear. XT.com start for 2018, and dem dey handle over 1,000 digital currencies with daily trading volume wey reach about $3.4 billion.
Bearish
Di suspension of withdrawals on XT.com afta big hack wey fit involve $1.7 million for stolen assets fit cause short-term doubt and no trust among users, and e fit affect market perception for bad. Even though XT.com dey assure users say dia money dey safe, di incident fit make traders dey fear potential security problems, and dis fit make market dey go down quick quick. For long term, if XT.com try to make things clear and safe by showing proof say dem get reserve, e fit help bring back user trust and make dia market position stable, but di effect wey dey happen now still dey negative.