{"id":33042,"date":"2024-11-29T20:30:08","date_gmt":"2024-11-29T17:30:08","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33042"},"modified":"2024-11-29T17:17:51","modified_gmt":"2024-11-29T14:17:51","slug":"30-million-lost-in-dexx-attack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/","title":{"rendered":"$30 Million Lost in DEXX Attack!"},"content":{"rendered":"<p>The cryptocurrency ecosystem continues to reel from the impact of a massive hack targeting the DEXX trading platform. Recent analyses by security firm SlowMist have identified over 8,620 Solana wallets linked to the attack, with total losses amounting to $30 million. This incident highlights critical lessons about security vulnerabilities in decentralized finance (DeFi) projects.<\/p>\n<p><strong>When and How Did the Attack Happen?<\/strong><\/p>\n<p>On November 16, 2024, a vulnerability in DEXX&#8217;s infrastructure was exploited, compromising the assets of over 900 users. According to MistTrack reports, hackers accessed user funds through private key leaks.<\/p>\n<ul>\n<li><strong>Scale of losses<\/strong>: While most victims lost under $10,000, one user reported losses exceeding $1 million.<\/li>\n<li><strong>Updated loss estimates<\/strong>: Initially reported at $21 million, total damages climbed to $30 million due to token price fluctuations and ongoing exploits.<\/li>\n<li><strong>Historical context<\/strong>: This event ranks as the second-largest hack of November, following the $25.5 million Thala attack earlier in the month.<\/li>\n<\/ul>\n<p><strong>Hacker Tactics: Where Are the Funds Going?<\/strong><\/p>\n<p>The attacker has been converting stolen assets via Solana (SOL). SlowMist\u2019s findings indicate the hacker also operates across Ethereum, BNB Chain, and Base networks. The firm has pledged to continue releasing details about suspicious wallet addresses in the coming days.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-142346 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2024\/11\/5-1-300x270.jpeg\" alt=\"Dexx\" width=\"599\" height=\"539\" \/><\/p>\n<p><strong>DEXX&#8217;s Recovery Efforts<\/strong><\/p>\n<p>In response to the attack, DEXX issued public appeals to the hacker, offering bug bounties and token rewards in exchange for the return of the stolen funds. However, no response has been received to date.<\/p>\n<p>DEXX\u2019s Operations Director, Bruce, shared the following with CoinTelegraph:<\/p>\n<p>&#8220;We attempted to contact the hacker after the attack, proposing negotiations for the return of the funds. Simultaneously, we are restructuring the platform and strengthening security measures to compensate for user losses.&#8221;<\/p>\n<p>DEXX, working in partnership with SlowMist and law enforcement, has promised user compensation. However, the scope of reimbursements will depend on the extent of recovered funds.<\/p>\n<p><strong>Broader Implications for the Crypto Ecosystem<\/strong><\/p>\n<p>This attack underscores the pressing need for robust security measures in DeFi projects.<\/p>\n<ul>\n<li><strong>Hack trends<\/strong>: Immunefi reports total losses of $1.5 billion in 2024 so far\u2014a 15% decline compared to 2023, though the scale of threats remains significant.<\/li>\n<li><strong>Fraud losses<\/strong>: In October 2024 alone, phishing attacks resulted in $20.2 million in losses, affecting 12,000 users.<\/li>\n<\/ul>\n<p>The DEXX attack serves as a stark reminder of the evolving challenges in safeguarding digital assets in an increasingly decentralized financial landscape.<\/p>\n<hr class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\" \/>\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency ecosystem continues to reel from the impact of a massive hack targeting the DEXX trading platform. Recent analyses by security firm SlowMist have identified over 8,620 Solana wallets linked to the attack, with total losses amounting to $30 million. This incident highlights critical lessons about security vulnerabilities in decentralized finance (DeFi) projects. When<\/p>\n","protected":false},"author":23,"featured_media":33043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[58,93,9796,4094],"class_list":["post-33042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cryptocurrency","tag-defi","tag-dexx","tag-slowmist"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$30 Million Lost in DEXX Attack! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$30 Million Lost in DEXX Attack! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency ecosystem continues to reel from the impact of a massive hack targeting the DEXX trading platform. Recent analyses by security firm SlowMist have identified over 8,620 Solana wallets linked to the attack, with total losses amounting to $30 million. This incident highlights critical lessons about security vulnerabilities in decentralized finance (DeFi) projects. When\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-29T17:30:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-29T14:17:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Orhan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Orhan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/\",\"name\":\"$30 Million Lost in DEXX Attack! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47.png\",\"datePublished\":\"2024-11-29T17:30:08+00:00\",\"dateModified\":\"2024-11-29T14:17:51+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/8deaf13c6481161ff7036db9cb61048a\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47.png\",\"width\":2560,\"height\":1440,\"caption\":\"DEXX\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$30 Million Lost in DEXX Attack!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/8deaf13c6481161ff7036db9cb61048a\",\"name\":\"Orhan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/026a5fad95600e925285b27ca7eb5a25d827bf9dc09ad2289b927a0eac46665d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/026a5fad95600e925285b27ca7eb5a25d827bf9dc09ad2289b927a0eac46665d?s=96&d=mm&r=g\",\"caption\":\"Orhan\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceorhan\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$30 Million Lost in DEXX Attack! - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/","og_locale":"en_US","og_type":"article","og_title":"$30 Million Lost in DEXX Attack! - Coin Engineer","og_description":"The cryptocurrency ecosystem continues to reel from the impact of a massive hack targeting the DEXX trading platform. Recent analyses by security firm SlowMist have identified over 8,620 Solana wallets linked to the attack, with total losses amounting to $30 million. This incident highlights critical lessons about security vulnerabilities in decentralized finance (DeFi) projects. When","og_url":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/","og_site_name":"Coin Engineer","article_published_time":"2024-11-29T17:30:08+00:00","article_modified_time":"2024-11-29T14:17:51+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47-1024x576.png","type":"image\/png"}],"author":"Orhan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Orhan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/","url":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/","name":"$30 Million Lost in DEXX Attack! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47.png","datePublished":"2024-11-29T17:30:08+00:00","dateModified":"2024-11-29T14:17:51+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/8deaf13c6481161ff7036db9cb61048a"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/cardano-47.png","width":2560,"height":1440,"caption":"DEXX"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/30-million-lost-in-dexx-attack\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"$30 Million Lost in DEXX Attack!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/8deaf13c6481161ff7036db9cb61048a","name":"Orhan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/026a5fad95600e925285b27ca7eb5a25d827bf9dc09ad2289b927a0eac46665d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/026a5fad95600e925285b27ca7eb5a25d827bf9dc09ad2289b927a0eac46665d?s=96&d=mm&r=g","caption":"Orhan"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceorhan\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/33042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=33042"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/33042\/revisions"}],"predecessor-version":[{"id":33044,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/33042\/revisions\/33044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/33043"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=33042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=33042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=33042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}