Cointelegraph - XT.com suspended withdrawals after a reported $1.7 million hack, raising concerns about the security of centralized cryptocurrency exchanges

https://cointelegraph.com/news/crypto-exchange-xt-com-withdrawal-halt-1-7-million-hack

XT.com, a major cryptocurrency exchange, suspended withdrawals after a reported $1.7 million hack, initially citing system maintenance.

While the exchange claims user funds are safe due to substantial reserves, this incident highlights the importance of users remaining vigilant and not keeping large sums on centralized exchanges.

Consider diversifying your holdings and regularly reviewing your cryptocurrency balances across different platforms.