Cryptocurrency exchange XT (ranked 20th among centralized exchanges on CoinMarketCap) has been hacked for $1.7 million, according to analysts from PeckShield. The platform's team has announced a suspension of fund withdrawals for users.
This incident highlights the importance of taking security seriously when choosing and using cryptocurrency platforms. Always check an exchange's reputation, enable two-factor authentication, and avoid keeping large sums in exchange wallets.
My top 5 of the safest cryptocurrency exchanges
Binance – The largest exchange with multi-layered security and fund insurance.
Kraken – High security standards and a strong focus on regulatory compliance.
WhiteBIT – A Ukrainian platform prioritizing security, storing up to 96% of assets in cold wallets.
Coinbase – Fund insurance and transparent conditions for users.
Gemini – Offers insurance for hot wallets and rigorous data control.
It is recommended to carefully research your chosen exchange, read reviews, and stay updated on security announcements
