Suspicious Transactions Detected in This Altcoin, Price Dropped by 90 Percent, Two Exchanges Suspended Trading!

cryptocurrency Security company Cyvers Alert has issued a critical alert about an altcoin after detecting an abnormal transaction linked to the KyberNetwork hacker.

According to the alert, an address funded by the KyberNetwork hacker used the transferfrom function to obtain $50 million worth of Ethereum address 0x0…000dEaD. HXA received the token.

The funds have since been distributed to various Externally Owned Accounts (EOAs), which are currently the largest HXA holders. In a worrying development, both and MEXC official exchanges have suspended withdrawals and deposits of HXA tokens. The reason for this suspension remains unclear, but it has undoubtedly contributed to the growing concerns surrounding the altcoin.

Adding to the mystery, the HXA website is currently unusable, leaving investors and the general crypto community in the dark about the ongoing situation.

According to CoinMarketCap data, the HXACoin (HXA) price has lost approximately 90% of its value in the last 24 hours. Following the depreciation, the market value of the altcoin dropped to $ 10,000. HXA is not traded on any major cryptocurrency exchanges.

CoinMarketCap chart showing the massive drop in HXA price.

*This is not investment advice.

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