On November 16, the on-chain trading terminal DEXX suffered a theft of user assets, which attracted widespread attention from the community. Many meme coins were dumped in large amounts in a short period of time after the incident. The amount of loss is rumored to have reached more than 16 million US dollars. Founder Roy promised to compensate users, but can this promise calm users' anger?
At present, the community's trust in DEXX, a meme-exclusive trading platform, has obviously suffered a major blow, especially the KOLs who have promoted it are not immune and have become the target of anger. Yu Xian, the founder of the security company SlowMist, also pointed out that the key to this incident lies in improper private key management - user private keys are presented in plain text on the server, and communication encryption also has loopholes. Various security risks have led users to jokingly say that "DEXX has redefined non-custodial wallets."
The wallet application OneKey also disclosed that DEXX requested users to upload clipboard contents, which means that if users have copied the private key mnemonics, their assets are at great risk of being leaked. Whether such an operation is really for the benefit of users is worth pondering.
What is even more chilling is that although the security audit of DEXX was completed by the well-known Certik, its audit report showed that the score was only 59.31 points, and even the main centralization risk was not resolved. This incident once again confirms the old adage "Not Your Keys, Not Your Money".
According to GoPlus security monitoring, phishing scams also took the opportunity to emerge, and a large number of "rights protection communities" and "compensation registration" links began to circulate. Users need to remain vigilant to avoid secondary harm.
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The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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