Dear XTers,
Thank you for your continued support and trust in XT.
In response to the recent abnormal incident involving the MOL token, XT adheres to principles of transparency and openness. Below is a comprehensive overview of the event, our stance, and the final compensation plan to maximize the protection of your rights.
I. Incident Overview
On April 25, 2025, XT detected a large volume of abnormal MOL token deposits on the platform. According to information provided by the MOL project team, this incident resulted from unauthorized access to a validator wallet on the Anryton blockchain. This unauthorized access led to the illegal transfer of 12,306,040 MOL tokens.
Subsequently, these illegally transferred tokens were deposited into XT and sold off, causing severe and abnormal price fluctuations in the MOL token within a short period. XT immediately froze the suspected accounts. To prevent further market disruption and user losses, XT assisted in suspending MOL token deposits, withdrawals, and trading functions on April 25, 2025, at 14:30 (UTC).
On April 28, 2025, the MOL project team performed a chain rollback operation for the transactions involved in this incident. This rollback caused discrepancies between some users’ MOL token holdings on XT, the on-chain records, and the actual token balance held by XT, impacting user asset accuracy and the platform’s internal settlement processes.
II. XT’s Stance and Principles
As a responsible digital asset trading platform, XT prioritizes user asset security and trading fairness. For any asset losses or trading anomalies caused by non-market factors, we actively communicate with project teams to seek the most reasonable solutions for users.
Regarding the subsequent impact of the MOL project team’s chain rollback on XT and its users, we have conducted multiple rounds of negotiations with the MOL team, demanding that they take responsibility for the losses incurred by users and the platform due to this incident and the rollback.
III. Final Compensation Plan
After negotiations with the MOL project team, the MOL team has agreed to compensate affected users as follows:
Compensation Scope:
- All users who had a net purchase of MOL tokens (buy volume minus sell volume resulting in a positive value) on XT during the period from April 24, 2025, 22:30 to April 25, 2025, 14:30 (UTC)
Compensation Mechanism: For eligible users, the MOL project team will compensate for the USDT spent on net MOL purchases during the specified period, with a compensation amount equal to 1.5 times the actual USDT spent. Simultaneously, XT will deduct the corresponding net purchased MOL tokens from the user’s account.
Calculation Formula:
- Net MOL Tokens Purchased = Total MOL Buy Volume during Compensation Period - Total MOL Sell Volume during Compensation Period
- Net USDT Spent on MOL = Total USDT Spent on MOL Buys during Compensation Period - Total USDT Gained from MOL Sells during Compensation Period
- Final USDT Compensation Amount = (Net USDT Spent on MOL) × [1.5]
Please Note:
- All compensation will be distributed in USDT directly to users’ XT accounts.
- After compensation, the net purchased MOL tokens will be deducted from the user’s account.
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Compensation is expected to be completed within 7 business days from the announcement date. You may keep an eye on your account balance for updates.
IV. Next Steps
We will continue to monitor the progress of the MOL project. The resumption of MOL token deposits, withdrawals, and trading will be announced separately. Please stay tuned to XT’s official announcements for updates.
Thank you again for your understanding and support. XT remains committed to providing a secure and reliable trading environment for all users.
Thank you for your support!
XT Team
June 12, 2025
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XT reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.