John Galt, an analyst with cryptocurrency intelligence company SharkCIA, said that two weeks ago, the crypto exchange Beaxy lost 44 bitcoins and 111,000 XRP in the "partial payments" vulnerability, worth $570,000. Galt also pointed out that the exchange's main bitcoin wallet has reduced funds by 95%, which means it may run out of funds unless it has other reserves. Currently, Beaxy is encouraging users to deposit more funds into the exchange. Note: On August 12th, XRP saw a sharp sell-off on the cryptocurrency exchange Beaxy, resulting in a 62% lower price on the Beaxy than other exchanges. Due to this “unusually high volume activity”, Beaxy quickly stopped all trading activities on its platform when investigating the situation.