The memecoin trading platform DEXX has fallen victim to a major security breach, with 8,612 Solana
The breach occurred on November 16, compromising more than 900 users due to a private key leak. While the majority of those affected lost under $10,000, one user suffered a loss of over $1 million.
Initially, the total financial damage was estimated at $21 million, ranking it as November's second-largest hack after the $25.5 million Thala breach, which successfully recovered all stolen assets. However, the total losses could now be as high as $30 million.
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DEXX has been actively monitoring the attacker’s accounts and attempting to freeze the illicit funds. The platform issued statements on social media, offering a token reward and bug bounty for the return of the assets within a 24-hour.
However, the hacker hasn't been idle either, converting the stolen assets into Solana.
In response to the attack, DEXX has pursued a legal action and teamed up with a crypto security firm and police. They also promised to reimburse the victims.
DEXX posted on X, stating:
DEXX has officially filed a case, and SlowMist has been actively assisting law enforcement in the subsequent investigation. At the same time, DEXX is actively discussing a compensation plan.
Cybercrime continues to plague the crypto sector, with every incident revealing new vulnerabilities. Recently, XT.com faced a $1.7 million hack, leaving users questioning their safety. What steps is XT.com taking to reassure its users? Read the full story.
