November 30, 2024
Damage from the DEXX hack increased to $30 million thumbnail
Business

Damage from the DEXX hack increased to $30 million

SlowMist experts tracked more than 8,620 Solana addresses allegedly linked to the hacker who attacked the DEXX memecoin trading terminal. After several days of careful data collection and analysis by our team, we are now making the list of hacker addresses public. https://t.co/adMTiBkeyS https://t.co/D0pVQzcbNQ pic.twitter.com/p7jlKawuZM — MistTrack🕵️ (@MistTrack_io) November 28, 2024 On November 16, the platform suffered a hack that affected […]”, — write: businessua.com.ua

Damage from the DEXX hack increased to $30 million - INFBusiness

SlowMist experts tracked more than 8,620 Solana addresses allegedly linked to the hacker who attacked the DEXX memecoin trading terminal.

On November 16, the platform was hacked, affecting at least 900 users. Most victims lost up to $1,000, but one account lost assets worth more than $1 million.

According to initial reports, the total damage reached $21 million. This made the incident the second largest in November, after the $25.5 million hack of DeFi protocol Thala.

As of November 29, the cumulative losses of DEXX have increased to $30 million, Cointelegraph reported, citing the founder of SlowMist under the nickname Cos. The expert explained that this is due to significant fluctuations in the price of meme coins.

Earlier, SlowMist specialists recorded the conversion of coins to Solana by a hacker. According to Cos, they also plan to publish suspicious addresses on Ethereum, BNB Chain and Base soon.

After the attack, the DEXX team offered the hacker via social media to return the tokens for a reward. The developers warned that they are tracking the funds with the aim of freezing them, and have also contacted law enforcement agencies.

According to the platform’s representative, they do not stop trying to contact the hacker, but he does not make contact.

The DEXX team is in talks to raise funding to compensate users and resolve security issues to restart the terminal. However, the amount of compensation will depend on the value of the funds that can be returned, the manager of the platform admitted.

According to a report by Immunefi, in November, the crypto industry lost about $71 million due to 26 incidents. All of them were related to DeFi projects.

The loss from the DEXX hack increased to $30 million - INFBusiness

Almost all losses were caused by hacker attacks — $70.99 million in 24 cases. Two rug pull schemes totaled $25,300.

We will remind, according to PeckShield, on November 28, the centralized XT exchange lost $1.7 million as a result. The platform team confirmed the unauthorized transaction. The incident was not included in the statistics from Immunefi.

The source

Related posts

EIA Natural Gas Report Reveals A Surprise Storage Draw Of -3 Bcf

fxempire com

Should we expect a rise in the dollar exchange rate in December: a banker’s forecast

unian ua

UK PMI Drops Below 50: Manufacturing and Services Hit 13-Month Lows in November

fxempire com

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More