XT Exchange, a cryptocurrency trading platform, announced on November 28 that its platform wallet experienced abnormal asset transfers. The wallet, identified by the on-chain address 0xdb3ded7731c781224ec292e2163d9554c094fd7c, is currently under investigation by the technical team. Verified reports that the involved amount is approximately US$1 million (12 currency).

XT Exchange assures that this asset belongs to the platform’s own assets and will not harm customer or user interests. The exchange maintains a 1.5 times asset reserve for exchange user funds and plans to launch a Merkle tree asset certification system in mid-December to increase transparency and security.

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