The memecoin buying and selling platform DEXX has fallen sufferer to a significant safety breach, with 8,612 Solana
The breach occurred on November 16, compromising greater than 900 customers because of a personal key leak. Whereas the vast majority of these affected misplaced underneath $10,000, one person suffered a lack of over $1 million.
Initially, the whole monetary harm was estimated at $21 million, rating it as November’s second-largest hack after the $25.5 million Thala breach, which efficiently recovered all stolen belongings. Nevertheless, the full losses might now be as excessive as $30 million.
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DEXX has been actively monitoring the attacker’s accounts and making an attempt to freeze the illicit funds. The platform issued statements on social media, providing a token reward and bug bounty for the return of the belongings inside a 24-hour.
Nevertheless, the hacker hasn’t been idle both, changing the stolen belongings into Solana.
In response to the assault, DEXX has pursued a authorized motion and teamed up with a crypto safety agency and police. Additionally they promised to reimburse the victims.
DEXX posted on X, stating:
DEXX has formally filed a case, and SlowMist has been actively aiding legislation enforcement within the subsequent investigation. On the identical time, DEXX is actively discussing a compensation plan.
Cybercrime continues to plague the crypto sector, with each incident revealing new vulnerabilities. Not too long ago, XT.com confronted a $1.7 million hack, leaving customers questioning their security. What steps is XT.com taking to reassure its customers? Learn the complete story.
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