Meme Coin Trading Platform DEXX Suffers $16.79 Million Security Breach
- DEXX users suffer significant losses from unauthorized token transfers.
- CertiK identifies improper private key management on the Solana chain as the core issue.
- DEXX collaborates with audit teams, denying rug pull allegations, while OneKey hints at clipboard vulnerabilities.
DEXX, a meme coin trading terminal, is at the center of a major security breach that has left users grappling with significant losses. Reports indicate that unauthorized token transfers drained $16.79 million in user funds. BAN and LUCE tokens suffered the most substantial losses, with $3.45 million and $1.75 million lost, respectively.
The DEXX team acknowledged the issue via a public statement, assuring users that the situation does not involve a rug pull. They have enlisted multiple professional security audit teams to identify and resolve the vulnerability. The team also noted that updates on the progress will be communicated through in-app notifications and social media platforms, including X and Telegram.
CertiK Highlights Private Key Mismanagement
CertiK, the leading blockchain security auditor, confirmed receiving help requests from affected users. Their investigation reveal…
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Meme Coin Trading Platform DEXX Suffers $16.79 Million Security Breach
- DEXX users suffer significant losses from unauthorized token transfers.
- CertiK identifies improper private key management on the Solana chain as the core issue.
- DEXX collaborates with audit teams, denying rug pull allegations, while OneKey hints at clipboard vulnerabilities.
DEXX, a meme coin trading terminal, is at the center of a major security breach that has left users grappling with significant losses. Reports indicate that unauthorized token transfers drained $16.79 million in user funds. BAN and LUCE tokens suffered the most substantial losses, with $3.45 million and $1.75 million lost, respectively.
The DEXX team acknowledged the issue via a public statement, assuring users that the situation does not involve a rug pull. They have enlisted multiple professional security audit teams to identify and resolve the vulnerability. The team also noted that updates on the progress will be communicated through in-app notifications and social media platforms, including X and Telegram.
CertiK Highlights Private Key Mismanagement
CertiK, the leading blockchain security auditor, confirmed receiving help requests from affected users. Their investigation reveal…
The post Meme Coin Trading Platform DEXX Suffers $16.79 Million Security Breach appeared first on Coin Edition.
Read More