According to news, the on-chain transaction terminal DEXX was attacked, and many users confirmed that their funds were transferred. The scope of the attack is not limited to the Ethereum chain, and the transferred assets are not limited to mainstream coins. According to the feedback from coin friends, the amount of money stolen is true, so it is estimated that at least millions of US dollars have been stolen. It is not ruled out that some people are still not awake, and the amount of money stolen may reach tens of millions of US dollars, which is not a small amount!

So far, the total value of stolen tokens is 16.79 million US dollars, among which Ban tokens are the most serious, with 3.45 million U..

Blockchain security company SlowMist wrote that based on data submitted by community users, we calculated that the loss of DEXX theft amounted to millions of dollars, and these funds are currently scattered among multiple different hacker addresses.

DEXX official Twitter has released an announcement that it has indeed found that user assets have been transferred, and the audit company has intervened. More relevant information will be revealed later! But what users are currently concerned about is whether the stolen coins will be compensated!

However, what users are most worried about is: Will the stolen coins be compensated?

Currently, the founders of DEXX said that they have not run away and will make compensation, and the data is currently being collected!

Impact of the incident:

This happened around 4-5 in the morning on the weekend, but I slept a little longer on the weekend, so I woke up at 6:30 and saw the message in the group, and then I found out.

For a startup project that has just started, if only a few users have been stolen and the amount is not large, I think the chances of compensation will be high. But now huge amounts of money have been stolen from multiple users, which will be a big challenge for the project. Let's just wait for the efforts of the technical department!

DEXX was stolen and multiple memes plummeted! In addition to the impact of yesterday's DEXX theft, Wintermute has also begun to reduce its meme positions. Figure 1 below is the position of the day before yesterday, and Figure 2 is today's. It can be seen that BTC has doubled and reached the maximum holding volume, and the holding ratios of ETH and SOL have also increased and entered the top 8.

Is it possible that the short-term enthusiasm for memes will cool down?

Why did Dexx become popular?

More people have the impression that dexx will become a small Binance on the chain

The reason why it is so popular is naturally due to the promotion of high commission rebates for users. As well as the strong promotion by KOLs, DEXX has become popular in the cryptocurrency circle in just a few months!

Dexx is a tool that really makes sense and is easy to use, especially for beginners:

Smooth operation: The user experience is extremely smooth.

Contract security detection: automatic display to ensure safety.

Smart Wallet Tracking: Manage your wallet assets intelligently.

Limit Price Dan Function: Set the price accurately.

Double the option: flexible choice to maximize profit.

Anti-pinch function: avoid transaction traps and protect user interests.

Automatically set slippage and automatically adjust Gas: intelligent parameter settings.

Daily Hot Currency Zone: Keep up with market trends and seize opportunities

But there are also some shortcomings:

Pump found that the function is insufficient: there is currently no parameter similar to the rising list.

Smart money tracking is messy: some wallets are of low quality and need to be carefully selected.

Internal embezzlement or hacker attack?

Was the theft caused by the exchange itself or was it a hacker attack? Because on-chain exchanges are not like centralized exchanges such as Binance and OY that are strictly regulated, it will be very difficult to protect your rights. And a serious fact is that on-chain exchanges do not have KYC (identity authentication), and you cannot even prove from a legal perspective that the lost assets belong to you!

Regarding the issue of wallet security, the previous BK wallet and TP wallet have all had security issues and wallets have been stolen, but I won’t say anything sarcastic about the silky smooth dexx. After all, this is also a kind of harm to the currency circle. It has once again put security at the forefront, causing a crisis of trust and leading to capital loss. Let’s wait for the subsequent processing results!

Recalling the theft of Mt gox in 2014, more than 850,000 bitcoins were hacked. It was later found that the exchange stole the money. This has been a decade of rights protection, but it has not been resolved. Fortunately, the creditor, because he could not get the compensation for a long time, has benefited from the time bonus brought by the rise of bitcoin!

As a player, the most important thing is to always remind yourself that you are a hunter in the dark forest. There are more advanced upper-level ecosystems that treat you as prey. Protect yourself and don't ignore safety because of greed. #加密# #ETH#​

Work statement: Personal opinion, for reference only

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