In the early hours of January 16, the on-chain trading terminal DEXX suffered an attack, with multiple users confirming that their funds were transferred. According to community feedback, the losses from the DEXX hack are estimated to reach tens of millions of dollars. Slowmist founder Cos stated, “The private keys of DEXX users affected by the hack have been compromised, though the method of leakage remains under investigation.” This large-scale breach has delivered a significant blow to the recently thriving on-chain meme market and has once again highlighted the importance of on-chain asset security.
According to incomplete statistics from Slowmist, as of the November 18 DEXX incident report update, more than 1,100 reports of stolen funds have been submitted by the community. After removing duplicate reports, it was confirmed that over 900 victims were affected, with total losses estimated at $21 million.
DEXX has announced that a formal lawsuit has been filed, and the Slowmist team is actively assisting law enforcement in the investigation. Meanwhile, DEXX is working on a compensation plan. The platform stated:
1.If all stolen assets are recovered, DEXX will provide full compensation immediately to ensure user interests are not impacted.
2.If only partial recovery is possible, the platform will still fulfill its compensation obligations, with specific plans dependent on the amount recovered.
DEXX emphasized that it is mobilizing all resources and efforts to recover the stolen assets as quickly as possible and to resolve the issue.