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XT Exchange

avoid.net/xt-exchange→22/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

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anchored·388sH9…Xpb5

Summary

XT Exchange (XT.com), founded in 2018 and registered in Seychelles, is a centralized cryptocurrency exchange that has been flagged by multiple regulatory authorities — including the UK FCA, Dubai VARA, Thailand SEC, and the Seychelles FSA — for operating without proper licensing. The exchange suffered a $1.7 million hot wallet exploit in November 2024 due to a compromised private key, and has accumulated substantial user complaints alleging unjustified account freezing, asset seizure, and blocked withdrawals. Independent analysis has also raised concerns about inflated trading volumes and inadequate proof-of-reserves transparency.

Connected Entities

1 entities
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△XT Exchange
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    Timeline(10 events)

    2018

    XT.com founded by Weber Woo and Ada Too, registered in Seychelles as Fibtc Ltd

    March 2022

    Albin Warin joins XT.com as Global Ecosystem Director

    2023

    Albin Warin becomes CEO of XT.com

    8 January 2024

    XT.com publishes reserves disclosure claiming approximately $56.22 million in total assets

    28 November 2024

    $1.7 million stolen from XT.com hot wallets via compromised private key; withdrawals suspended for approximately 12 hours. PeckShield identifies the breach.

    29 November 2024

    Dubai VARA issues Consumer and Marketplace Alert warning that XT.com is not licensed to provide virtual asset services in Dubai

    25 March 2025

    UK FCA issues warning that XT.com may be promoting financial services without FCA permission and is not authorized or registered

    30 May 2025

    Thailand SEC files charges against XT.com with the Economic Crime Suppression Division for operating without a license under the Digital Asset Business Act

    28 June 2025

    Thailand blocks access to XT.com following SEC enforcement action

    9 April 2026

    Seychelles FSA issues notice stating XT.com is not linked to any entity licensed or regulated by the FSA under the Virtual Asset Service Providers Act

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain17 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 17 of 25 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:27 AM

    last updated: 8/30/2026, 3:55:00 AM

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