Alt.town Suspends Transactions After Detecting Wallet Irregularities

Alt.town reports abnormal wallet activity and promptly freezes affected wallets, ensuring no user funds were compromised, while suspending transactions until wallet rotation is complete.

Summary

On September 29, 2025, Alt.town detected abnormal wallet activity at 21:00 Beijing time. Affected wallets were immediately frozen, and investigations began with external security experts. No user funds were affected, and transactions were suspended as a precaution until wallet rotation is completed.

Terms & Concepts
  • Wallet Rotation: The process of replacing or migrating cryptocurrency wallets to new addresses for enhanced security, often after detecting suspicious activity.
  • Deposits and Withdrawals Suspension: A temporary halt in transferring funds into or out of a cryptocurrency platform, typically implemented during maintenance or security investigations.