Cryptocurrency exchange XT.com has been hacked for $1.7 million, blockchain security company PeckShield reports.

The stolen funds were converted into Ether (ETH) and are in a new Ethereum wallet.

XT.com said the anomalous transaction would not affect users, as the exchange's reserves are 1.5 times greater than its customers' assets.

The incident is the latest in a series of attacks on exchanges, including BingX and Indodax.