Australian cryptocurrency exchange Swyftx has restricted user access since around 2 AM AEST, preventing logins and halting withdrawals. The company’s status page confirmed that an issue was being worked on, but as of 5:18 AM AEST, there was no official resolution, leaving users increasingly anxious.
Speculation about a potential hack has been circulating on platforms like X (formerly Twitter) and Telegram, with customers fearing that the problem may be more serious than an isolated technical glitch. There are rumors that Swyftx may be working with external security teams to investigate the issue, although this has not been officially confirmed.
In light of the situation, users have been advised to exercise caution and monitor their accounts closely. Swyftx has urged customers to consider transferring balances held on the platform to external wallets as a precaution. The lack of clear communication has drawn criticism, especially given previous incidents where Australian crypto exchanges have fallen victim to hacks.
Swyftx has reassured its customers that “customer funds are safe” and emphasized that resolving the issue is a top priority. The exchange has also informed users that live chat support is available for any inquiries.
In a similar security-related development, the LockBit ransomware group recently leaked over 60,000 Bitcoin addresses and private messages after breaching its dark web portal. This highlights the ongoing security risks in the cryptocurrency space.
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