Swyftx Hacked? Aussie Exchange Abruptly Freezes Logins and Withdrawals

Australian crypto exchange Swyftx has blocked user access since around 2 AM AEST, barring users from logging in or withdrawing funds. The official status page displays a brief message that says a fix is underway. However, as of 5:18 AM AEST, there is still no official word from the company.

At this point, users are growing more concerned by the hour. Many are turning to social media for answers. So far, Swyftx has not responded to the growing demand for transparency.

Is Swyftx Hacked?

Because the silence continues, many users are asking the same thing: Is Swyftx hacked?

There is still no confirmation. However, rumors are spreading quickly across X and Telegram, suggesting a possible breach, although there is no verified source yet.

Since withdrawals and trading remain frozen, some believe this could be more than a glitch. On top of that, some users have mentioned hearing of internal reviews and outside security teams being contacted.

The lack of an update has only increased the sense of urgency. This situation now echoes previous cases where an Australian crypto exchange was hacked or compromised.

Users Urged to Stay Alert

Until the company speaks out, users are being left without answers. In the meantime, users are advised to stay alert and follow trusted sources. If external wallets were previously linked, checking balances is a good precaution.

The next few hours could be critical. Whether this turns out to be technical or a breach, the demand for answers is only rising. We will continue to update you as new details become available.

While Swyftx users wait for an official response, concerns around crypto security are growing beyond just one exchange. Earlier this week, the LockBit ransomware gang suffered a major breach that exposed over 60,000 Bitcoin addresses, internal chats, and admin credentials.

The incident highlights how even the most notorious actors in crypto can fall victim to weak security practices. And as we speak, the European regulators are investigating OKX after hackers used its Web3 platform to launder approximately $100 million in stolen crypto from the ByBit hack.