At the end of last month, DEXX founder Roy stated on Twitter that he had completed an investigation of all affected addresses and amounts, and announced that a compensation channel would be opened on the platform. Subsequently, Huobi co-founder Du Jun expressed his intention to acquire on Twitter. Meanwhile, KOL Hella, who attracted a lot of attention during the entire incident, also organized a complete timeline of the DEXX theft incident.
Huobi's Du Jun is interested in acquiring DEXX and inquiring about users' willingness to use it.
DEXX founder Roy first stated on Twitter that the investigation of all affected addresses and amounts has basically been completed. The cooperating third-party investigation agency MistTrack also subsequently released the hacker's address. He stated that a compensation channel would be opened on the platform soon, but the platform's security upgrade has not yet been completed. He also warned users not to deposit into the platform's accounts for now, as the hacker still holds the private keys. Once the compensation channel is officially activated, a new compensation address will be provided to users.
As a supplement, the platform still has a trading volume of 2 million dollars per week after the private key leak.
(It is rumored that the daily profit before the incident was $300,000. DEXX founder responds to the private key leak: waiting for the investigation, and a compensation plan has been formulated.)
Subsequently, Huobi co-founder Du Jun also asked on Twitter: 'Does DEXX have acquisition value? If full compensation is provided and security is upgraded, would you still use it?' He added in the comments that a former colleague from Huobi revealed that DEXX wanted to bring in major shareholders, and Du Jun is currently in contact with Roy, leaning towards investigating the community's opinion first.
There were sarcastic comments in the comments section saying that if Huobi's other co-founder Li Lin came forward to acquire, they would continue to use the product. However, it seems that both co-founders have been restless since selling Huobi to Sun Yuchen; previously, we reported that Li Lin was also making frequent moves. He first acquired a compliant exchange in Japan and then launched a $500 million quantitative fund in Tokyo.
(Huobi founder Li Lin is making moves! After acquiring a Japanese exchange, it is rumored that he will soon launch a $500 million fund in Tokyo)
Rights protection KOL organizes timeline, compensation will be announced after the investigation is completed.
In the DEXX rights protection incident, a KOL named Hella holds significant speaking power. She also reorganized the incident timeline on Twitter, and the following timeline will be presented from the perspective of the parties involved:
November 16, early morning: Theft incident occurs. DEXX experiences a large-scale asset theft incident, with Slow Mist estimating a total loss of 21 million USDT, and the number of victims exceeding 1,000, involving over 8,000 stolen addresses.
November 16, 6:00 AM: Rights protection group established. Users spontaneously formed a rights protection group (I organized 3,500 people and a large holder group), starting to organize victim information collection work, including helping to connect Slow Mist to monitor the flow of stolen funds.
November 19: The platform reported to the police and filed a case, cooperating with Slow Mist for investigation. The platform has filed a case, and Slow Mist has also stated that it has officially intervened to cooperate with law enforcement for subsequent investigation work.
November 20: Victims have reported to the police and filed cases in multiple locations. Since the incident, victims across the country have successively reported to the police and successfully filed cases. According to incomplete statistics, there are already dozens of cases established, and law enforcement agencies in many parts of the country are intervening.
November 24, 3:00 AM: The attacker first liquidated the stolen assets. According to extensive user feedback and Slow Mist monitoring, the attacker exchanged a large amount of tokens on the Solana address for Sol, but has not yet withdrawn.
November 25: Victim community united to voice their concerns. I wrote an open letter 'Calling for DEXX Platform to Take Responsibility and Compensate User Losses,' which received support from various KOLs. As of now, the article has reached 620,000 views, increasing the exposure of the incident.
November 28: Roy publicly stated compensation. Founder Roy mentioned that he is negotiating with investment institutions and discussing the construction of a security upgrade plan with security experts; it is confirmed that a compensation channel will be updated on the platform. Prior to this, Roy had also stated that he would fully compensate the victims.
November 28: The attackers' Solana addresses have been basically confirmed. Slow Mist released a list containing 8,612 attackers' Solana chain addresses (including 65,600 Sol, 3.4 million Ban, 510,000 Luce1, and 1.5 million Shoggoth), also emphasizing that the data for EVM chains will take a few more days to investigate.
November 29, early morning: The attacker's EVM address begins to show signs of movement testing. According to Slow Mist monitoring, the attacker's EVM address (ETH/BSC/BASE) shows signs of movement testing, but no large-scale movements have occurred yet.
November 29, 7:00 PM: Du Jun expresses intention to acquire. Founder Du Jun stated on Twitter that he is communicating with the platform regarding the acquisition plan and inquiring users, 'If full compensation is provided and security is upgraded, would you still continue to use it?'
November 30, 3:00 AM: The attacker exchanged a batch of EVM chain tokens for ETH/BNB, but has not yet withdrawn.
A more specific compensation plan will be proposed after Slow Mist completes the investigation.
(The DEXX exchange has alarming reports of private key leaks, with numerous KOLs thoughtlessly recommending it, leading to losses exceeding 100 million.)
This article reports new progress from DEXX! The founder promises to compensate for losses, revealing that Huobi's Du Jun is evaluating the acquisition of the platform. First appeared in Chain News ABMedia.
