"On-chaincoin Security" DEXX hacked, a large amount of meme coins were dumped, and user assets were wiped out overnight!

This morning, members of various meme communities who were supposed to end their busy 'dog fighting' work overnight exploded because of a news. On-chain trading terminal DEXX was attacked, and multiple users confirmed that their funds were transferred. The scope of this attack involves multiple chains, and the types of transferred asset tokens are also numerous. Many meme tokens were dumped, resulting in a short and rapid decline.

DEXX is a full-chain meme coin trading platform that supports a variety of on-chain assets such as Ethereum, Solana, Tron, Base, BNB Chain, etc. Its main promotion is its on-chain mobile take-profit and stop-loss, hot spot concept push, smart Wallet tracking push, double out of the original investment, one-click anti-pinch, one-click follow-buy and follow-sell, and other functions.

Regarding the theft of user funds on DEXX, Yu Xian, founder of SlowMist, posted on X platform that the thieves were related to those who used DEXX for dogcoin speculation/meme trading. The Private Key belongs to DEXX's centralized custody and has definitely been leaked, as for the method of leakage, it is still under investigation. For a while, various meme communities were filled with angry curses.

"I was woken up in the middle of the night and found that DEXX had been stolen 20,000 dollars. The month-long effort went down the drain. I will never touch this kind of centralized Wallet again.";

"Speechless, just registered and deposited 100 $SOL, and it was stolen. No wonder so many KOLs recommend it."

I have closed all positions for all the memes. Many wallets have been stolen this time, and hackers will dump the coins they stole. After fermentation, all the memes are likely to be dumped and cause a crash.

……

Many thieves, large amounts

Due to the large number of users who were hacked this time, a 'rights protection group' was established in the first place, and the stolen information began to be registered. The figure below shows the record of stolen funds (since it is self-reported by the hacked users, only some of the data has been confirmed to be true). At the same time, Yu Xian, the founder of SlowMist, also posted: 'Based on the data submitted by the community users, we have calculated that the loss of DEXX due to the hack amounts to millions of dollars, and these funds are currently dispersed in multiple different hacker Addresses.'

The total amount calculated by other community users also exceeds k million US dollars. Since the complete statistics for Address have not been completed, the final amount of stolen funds cannot be determined for the time being. However, it can be seen from the feedback of community users that there are quite a few users who have been stolen tens of thousands, hundreds of thousands, or even millions.

Image source: Screenshots of the stolen information registered by users in the DEXX rights protection group in Blockbeats (names have been coded)

DEXX official response did not Rug, suspicion of self-theft and monitoring abound

After the theft, the DEXX Chinese official made a post on the X platform in response: "Currently, DEXX has noticed the issue of multiple users' Tokens being transferred, and multiple professional security audit teams have been analyzing and investigating. The team is working hard to resolve the issue, and there is no Rug. Subsequent developments will be notified to everyone through in-site push and X/Telegram notifications."

Image source: DEXX Chinese official response to the large-scale user theft incident in 'Rhythm Blockbeats'

DEXX founder's personal information has also been exposed. DEXX founder Roy (@honza 204) responded to the theft incident, saying, 'Will pay for it, isolating some users, no Rug, investigating, unable to respond one by one, rest assured.'

Image source: DEXX founder responds to large-scale user theft incident in Blockbeats

But there has been no further response to this, and users are not buying it, questioning DEXX for intentional Rug Pull and self-theft.

DEXX did not rise for a long time in this round of meme frenzy, mainly relying on KOL promotion to quickly acquire users. According to KOL's disclosure to Odaily, currently, BOT provides a very high rebate to quickly acquire users, up to 50% to 60% of the handling fee. In the current frequent occurrence of 'golden dog,' such income is quite substantial.

After the DEXX incident, many KOLs who had previously aggressively promoted and described DEXX as 'on-chain Binance' began to quickly delete posts and distance themselves. The most criticized was X KOL Youmin 8341, who had previously flaunted sky-high rebates.

After the incident, the homeless people first tweeted @DEXX founder, and said that their rebate had never been withdrawn, and they were sarcastically mocked by netizens "two sticks break up brotherhood, and all the records are in the name of the brothers."

Image source: 'Rhythm Blockbeats'

Image source: 'Rhythm Blockbeats'

Security Recommendations

Memes are undoubtedly the most popular zone in this bull run, and on-chain operations and the use of various bots have become daily habits for users. The recent 'DEXX attacked and user funds stolen' incident should serve as a warning to the industry. To avoid similar incidents where 'the $SOL earned through months of hard work is actually working for hackers,' Odaily Planet Daily has also compiled some security recommendations, urging everyone to be extremely cautious about on-chain asset security.

Do not trust others' recommendations easily. Study the product mechanism carefully, and it is recommended to use the Private Key instead of storing it on the server's Bot;

Choose a Bot with a longer operating time, a strong team, and no record of safety incidents;

Do not click on unfamiliar links or reply to any private messages in the TG group.

Regardless of the tool used, it is recommended to withdraw and transfer large amounts of funds to a self-managed Wallet after completing the transaction.

……

Previously, Bnanagun, Unibot, and others have also experienced theft incidents, and DEXX will not be the last one.

Remember, only those who survive in the dark forest of Web3 have a chance to live another day.

Disclaimer: The market is risky, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

This article is authorized to be reposted from "Rhythm Blockbeats".

Original Author: Asher, Odaily Planet Daily

'The 'Chain coin safety' DEXX was hacked, and a large amount of meme coin was dumped, and users' assets were wiped out overnight!' This article was first published in 'encryption city'.