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Cryptocurrency News Articles
XT Exchange Hacked? PeckShield Claims $1.7 Million Hack Attack, Exchange Says “Don’t Worry”
Nov 28, 2024 at 06:43 pm
Today, a few hours ago, critical posts began to spread that a cryptocurrency exchange had been hacked. First of all, PeckShield, one of the Blockchain
A crypto exchange was reportedly hacked on Monday for $1.7 million, according to Blockchain detective PeckShield.
The exchange, identified as XT Exchange by CoinGecko, is said to have had the stolen funds converted into 461.58 ETH by the hacker.
PeckShield noted the development in a post shared a few hours ago.
Meanwhile, an official statement is yet to be released by the exchange.
However, the exchange is reported to have stated in an earlier announcement that it will be launching a Merkle Tree proof of existence system in mid-December for increased transparency.
Merkle Tree is a cryptographic tool that enables large volumes of data to be combined into a single hash.
The single hash, known as the Merkle Root, serves as a cryptographic seal that "summarizes" all the data entered.
Furthermore, Merkle Tree empowers users to verify specific content included within a particular "sealed" data set.
This capability of Merkle Tree has seen crypto exchanges integrate it to verify their reserves following the FTX fiasco.
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- Next Cryptocurrency to Explode: 5 Altcoins With Huge Growth Potential Before the Year Ends
- Nov 28, 2024 at 10:35 pm
- Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies with much growth potential, especially before the year runs out.
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- A major trial to determine if an innovative 10-minute sponge test should be used to screen people with heartburn for oesophageal cancer has welcomed its first patients.
- Nov 28, 2024 at 10:30 pm
- The capsule sponge test involves patients swallowing a dissolvable pill on a string, which releases a sponge the size of a 50p coin to collect cells from the oesophagus as it is retrieved.
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- SHIB Lead Shytoshi Kusama Addresses Issues of Working with a Meme Coin, Hints at SHIB's Top 5 Goal
- Nov 28, 2024 at 10:30 pm
- In a recent tweet, the enigmatic Shiba Inu lead Shytoshi Kusama addressed issues of working with a meme coin to give it utility and then take it to the top five list of cryptocurrencies.
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