At the end of last month, DEXX founder Roy stated on Twitter that he has completed the investigation of all victim addresses and amounts, and indicated that a compensation channel will be opened on the platform. Subsequently, Huobi co-founder Du Jun expressed his intention to acquire on Twitter. KOL Hella, who has gained much attention during the whole incident, also organized a complete timeline of the DEXX theft incident.
Huobi's Du Jun expressed interest in acquiring DEXX and inquired about users' willingness to use it.
DEXX founder Roy first stated on Twitter that he has basically completed the investigation of all victim addresses and amounts, and the cooperating third-party investigation agency MistTrack subsequently announced the hacker's address. He stated that a compensation channel will soon be opened on the platform, but the security upgrade of the platform 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 key. 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 per week after the private key leak.
(It is rumored that the daily earnings before the incident were $300,000. DEXX's founder responded to the private key leak: waiting for the investigation and has formulated a compensation plan)
Subsequently, Huobi co-founder Du Jun also asked on Twitter: 'Does DEXX have acquisition value? If full compensation and security upgrades are implemented, will you still use it?' He added in the comments that a former colleague at Huobi revealed that DEXX wants to introduce a major shareholder, and Du Jun has currently contacted Roy, leaning towards investigating the community's opinion first.
There were comments in the message area sarcastically stating 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; we previously reported that Li Lin has also been taking frequent actions. He first acquired a compliant exchange in Japan, and then launched a $500 million quantitative fund in Tokyo.
(Huobi founder Li Lin is taking frequent actions! After acquiring a Japanese exchange, it is rumored that he will launch a $500 million fund in Tokyo)
KOLs organizing the timeline, compensation will be announced after the investigation is completed.
In the DEXX rights protection incident, a KOL named Hella has a lot of say. She has also reorganized the timeline of the incident on Twitter, and the following timeline will be presented from the perspective of the parties involved:
November 16, early morning: The theft incident occurred. DEXX experienced a large-scale asset theft incident. According to Slow Fog statistics, the total loss reached 21 million USDT, with the number of victims exceeding 1000 and involving more than 8000 stolen addresses.
November 16 6:00 AM: Rights protection group established. Users spontaneously formed a rights protection group (I organized 3500 people and a large group as one of the group leaders) to start organizing victim information collection work, including helping to connect Slow Fog to monitor the flow of stolen funds.
November 19: The platform reported to the police and filed a case, cooperating with Slow Fog for investigation. The platform has filed a case, and Slow Fog has also stated that it has officially intervened to cooperate with law enforcement agencies for subsequent investigation work.
November 20: Victims report to the police and file cases in multiple locations. Since the day of the incident, victims across the country have been reporting to the police and successfully filing cases. An incomplete count shows that dozens of cases have been established, and law enforcement agencies in various parts of the country are intervening.
November 24, 3 AM: The attacker first liquidated the stolen assets. According to extensive user feedback and Slow Fog monitoring, the attacker exchanged a large amount of tokens on the Solana address for Sol but has not yet transferred them out.
November 25: Victim community united to voice concerns. I wrote an open letter 'Calling on the DEXX platform to take responsibility and recover user losses', which received support from various KOLs. As of now, the article's views have reached 620,000, promoting the exposure of the incident.
November 28: Roy publicly stated compensation. Founder Roy said he is negotiating with investment institutions and discussing the construction of the platform's security upgrade plan with security experts; and confirmed that the compensation channel will be updated on the platform. Previously, Roy also stated that he would fully compensate the victims.
November 28: The attacker's Solana address has been basically confirmed. Slow Fog announced a list of 8612 attacker Solana chain addresses (including 65600 Sol, 3.4 million Ban, 510000 Luce1, and 1.5 million Shoggoth), and emphasized that the EVM chain data will take a few more days to complete the investigation.
November 29, early morning: The attacker's EVM address starts to show abnormal activity. According to Slow Fog monitoring, the attacker's EVM address (ETH/BSC/BASE) showed abnormal activity tests but has not yet been moved on a large scale.
November 29, 7 PM: Du Jun expressed intention to acquire. Founder Du Jun stated on Twitter that he is communicating with the platform about the acquisition plan and asked users, 'If full compensation and security upgrades are implemented, will you continue to use it?'
November 30, 3 AM: The attacker exchanged a batch of EVM chain tokens for ETH/BNB but has not yet transferred them out.
A more specific compensation plan will be proposed after Slow Fog completes its investigation.
(The DEXX exchange has been reported to have leaked the private key, with multiple KOLs thoughtlessly recommending it, resulting in losses exceeding $100 million)
This article reports new progress from DEXX! The founder promises to compensate for losses, and Huobi's Du Jun is evaluating the acquisition of the platform. It first appeared in Chain News ABMedia.
