The memecoin trading platform DEXX has fallen victim of a major security breachwith 8,612 terraces
SUN
$237.72
wallets now suspected of being connected to the hacker behind the attack.
the gap occurred on November 16, Compromising over 900 users due to private key leak. While most of those affected lost less than $10,000, one user suffered a loss of more than $1 million.
Initially, the Total financial damage was estimated at $21 million.ranking it as the second largest hack of November after the $25.5 million Thala breach, which successfully recovered all stolen assets. However, the total losses Now it could amount to 30 million dollars.
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DEXX has been actively monitor the attacker’s accounts and attempt to freeze illicit funds. The platform issued statements on social media, offering a token reward and a bug bounty for the return of assets within 24 hours.
However, the hacker has not remained inactive either, convert stolen assets into solarium.
In response to the attack, DEXX has took legal action and partnered with a crypto security company and the police. They also promised to reimburse the victims.
DEXX published in X, indicating:
DEXX has officially filed a case and SlowMist has been actively assisting authorities in the subsequent investigation. At the same time, DEXX is actively discussing a compensation plan.
Cybercrime continues to plague the cryptocurrency sector, with each incident revealing new vulnerabilities. Recently, XT.com faced a $1.7 million hack, leaving users questioning its security. What measures is XT.com taking to reassure its users? Read the full story.
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