ChainCatcher news, XT.COM officially released a related announcement regarding the previous theft news.Today, it was discovered that the platform wallet with the on-chain address: 0xdb3ded7731c781224ec292e2163d9554c094fd7c has abnormal asset transfers out, and the technical department is currently conducting an active investigation. Upon verification, the amount involved is around 1 million U (12 cryptocurrencies), and this asset belongs to the platform's own assets, which will not harm the interests of any customers or users.In addition, XT.COM stated that since its establishment, the platform's asset reserves have always been managed at 1.5 times the user funds, and it plans to launch a Merkle tree asset proof system in mid-December to further enhance the transparency and security of the exchange.

ChainCatcher news, Ray Youssef, who stepped down as CEO of Paxful on April 18, stated that he and the co-founder have reached an impasse regarding the company's direction, and both parties have agreed to appoint Srinivas Raju from the law firm Richards, Layton & Finger (appointed by court order) as the custodian of Paxful throughout the process. As the custodian, Srini has full power and control over the company and its operations and management. In the coming month, Srini will attempt to help stabilize Paxful while preparing to propose to the court how the business should proceed. Srini is considering all possible suggestions for the future of Paxful.Ray Youssef stated that although he has resigned as CEO, his top priority will still be to resolve the issue of frozen user funds and the reliability of the Paxful wallet. Through his efforts, 88% of the frozen accounts have been unfrozen. Paxful still has just under $450 in frozen funds, accounting for about 3.3% of all customer funds that cannot be withdrawn.Youssef had previously proposed an agreement to another co-founder, asking him to buy all of Youssef's shares in Paxful for 1 satoshi, provided he performed the necessary compliance work to unfreeze the remaining accounts, but the latter rejected the proposal.Now Ray Youssef has proposed a new plan to address the issue without the approval of the other co-founder. Ray Youssef will place 99.9% of his personal shares in Paxful (which accounts for over 45% of the company) into a public trust fund. The funds generated from Ray Youssef's shares will be used to ensure that every Paxful user's funds are intact. Any remaining funds will be directly provided to the Built With Bitcoin Foundation to build schools.Additionally, Ray Youssef's goal is for Paxful Wallet to remain operational for at least two years, allowing Paxful to withdraw all frozen funds from the platform and giving users time to retrieve them. "Through my public trust, I will still retain my board voting rights and will continue to hold Paxful accountable to the best interests of users." (source link)