Meme Coin Trading Platform DEXX Suffers $16.79 Million Security Breach

• DEXX users suffer significant losses from unauthorized token transfers.
• CertiK identifies improper private key management on the Solana chain as the core issue.
• DEXX collaborates with audit teams, denying rug pull allegations, while OneKey hints at clipboard vulnerabilities.

DEXX, a meme coin trading terminal, is at the center of a major security breach that has left users grappling with significant losses. Reports indicate that unauthorized token transfers drained $16.79 million in user funds. BAN and LUCE tokens suffered the most substantial losses, with $3.45 million and $1.75 million lost, respectively.

The DEXX team acknowledged the issue via a public statement, assuring users that the situation does not involve a rug pull. They have enlisted multiple professional security audit teams to identify and resolve the vulnerability. The team also noted that updates on the progress will be communicated through in-app notifications and social media platforms, including X and Telegram.

CertiK Highlights Private Key Mismanagement

CertiK, the leading blockchain security auditor, confirmed receiving help requests from affected users. Their investigation reveal…

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