The DEXX meme token trading platform was at the center of a major security breach, which caused users to suffer significant losses. According to reports, users lost $16.79 million due to unauthorized token transfers. The holders of BAN and LUCE meme assets suffered the most, losing $3.45 million and $1.75 million, respectively.
The #DEXX development team recognized the problem and stated that they had engaged several security audit specialists. They must identify and eliminate the vulnerability of the platform.
CertiK, the leading blockchain security auditor, also confirmed that he had received requests for help from affected users. The investigation revealed that the main problem was the improper management of private keys, which led to the disclosure of the official DEXX private key. CertiK experts reported that the hacked system is located on the Solana blockchain, which the company's specialists had not previously checked.
Hardware wallet provider OneKey suggested that DEXX could have accidentally downloaded the contents of users' clipboard, potentially leading to the disclosure of confidential information.
This incident shocked the crypto community, and many questioned the platform's security protocols and the role of third-party auditors. DEXX's statement that the platform had been audited drew criticism, especially given that the hack revealed obvious vulnerabilities in private key management.