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CryptoIntelligence 2024-11-29 21:52:00

Over 8,000 Solana Addresses Linked to DEXX Hacker

Over 8,000 Solana Addresses Linked to DEXX Hacker

Crypto security firm SlowMist has identified over 8,620 Solana addresses linked to the DEXX hacker, following a security exploit that hit the memecoin trading terminal on Nov. 16. The attack impacted at least 900 unique users, with most victims losing under $10,000. One individual, however, suffered losses exceeding $1 million. Initial estimates pegged the total loss at $21 million, ranking it the second-largest hack in November behind the $25.5 million Thala hack, which later recovered its stolen assets. As of Nov. 29, SlowMist founder Cos stated that DEXX’s total losses had increased. “The total loss is estimated to be within $30 million. The price fluctuation of meme tokens has a significant impact on the overall loss,” Cos told Cointelegraph . The hacker reportedly converted the stolen assets into Solana (SOL). Cos also revealed that SlowMist plans to publish additional suspicious wallet addresses on Ethereum, BNB Chain, and Base “next week.” In response to the attack, DEXX confirmed it is monitoring the hacker’s wallets and working to freeze funds. The platform offered a bug bounty and token reward for the return of stolen assets within 24 hours, repeating this plea on Nov. 23. “So far, we have tried to leave messages on the chain and leave an email. But the hacker didn’t reply. At the same time, we are actively negotiating with the capital, counting the amount, and upgrading security issues to restart DEXX. I hope that our series of actions can compensate our users as much as possible,” said DEXX’s operations director, “Bruce,” in an interview with Cointelegraph . DEXX has partnered with SlowMist and law enforcement to investigate the breach and is committed to compensating affected users, though the plan depends on recovered funds. Meanwhile, crypto hacks have stolen $71 million in November alone, bringing the 2024 total to $1.48 billion—a 15% drop from 2023.

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