Australian cryptocurrency exchange Swyftx has suspended user access since approximately 2 AM AEST, blocking logins and halting withdrawals, raising concerns among its users.
The Swyftx website has confirmed that there is an ongoing issue, and a resolution is in progress. However, as of 5:18 AM AEST, there has been no official update, leaving users anxious and searching for answers.
Social media platforms, including X (formerly Twitter) and Telegram, have seen a rise in speculation, with rumors of a possible security breach circulating among the community. Customers are increasingly worried that the disruption is more than just a technical error, especially as both trading and withdrawals remain paused.
There are rumors suggesting that Swyftx might be working with external security teams to investigate the situation, although there has been no official confirmation of this. The exchange has advised users to be cautious and monitor their accounts during this period of inactivity. Additionally, customers have been urged to transfer funds to external wallets as a precautionary measure.
Criticism has been directed at the exchange for its lack of communication, with some users pointing to past incidents involving Australian crypto exchanges being hacked.
In response, Swyftx has assured its users that customer funds are safe and that resolving the issue is a top priority. The company has also made live chat support available for any inquiries.
In a related incident, the LockBit ransomware group recently revealed that over 60,000 Bitcoin addresses and private messages were exposed online after a hacker breached its dark web portal, highlighting ongoing security challenges in the crypto sector.
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