DEXX theft: A wake-up call for the crypto world

In the early morning of November 16, the cryptocurrency world was shaken. A security incident occurred at the on-chain trading terminal DEXX that shocked the industry. User assets were stolen in an instant, and the initial estimated loss was as high as $16 million, which made countless investors nervous. Roy, the founder of DEXX, immediately issued a statement, promising to fully compensate affected users, and reported that many account assets have been transferred to safe addresses. However, this incident was like a sword piercing the heart of the crypto market, causing everyone to re-examine this once-glorious trading platform.

Security experts revealed that DEXX’s vulnerabilities mainly stem from its centralized private key management, which means that users’ private keys exist in clear text on the platform’s servers and are easily intercepted. It is reported that attackers may have used unencrypted communication channels to seize users' private keys, which makes people feel creepy. Even if DEXX has passed the audit, the score of only 59.31 shows that as many as 9 security risks still exist, which is worrying. After the incident, the community quickly became alert to various phishing scams targeting the theft, and reminded users not to leak any private keys or mnemonic phrases to avoid being victimized again.

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