critical
Funds held
Withdrawals halted after reported compromise; closure notice followed in June 2025
According to a published review of the case, XeggeX stopped withdrawals without warning on 3 February 2025, with the operator saying a device had been compromised and a database corrupted, an account that on-chain analysts questioned. Balances were reportedly converted into non-redeemable placeholder tokens, and a closure and bankruptcy notice followed at the end of June 2025. Industry estimates put losses at up to $80 million. No audited refund process has been documented.
Funds lost $80M Source: plisio.net ↗