After a week of silence, the attackers behind the recent DEXX hack have returned with a new move: converting stolen altcoins into large amounts of Solana (SOL), according to cybersecurity firm Mistract.
The breach has already caused massive losses, and the platform is now racing against time to track down the culprits and regain user trust. Following the attack, DEXX’s founder, Roy, has made several statements about the steps being taken to recover the stolen funds and improve security on the platform.
Here’s how DEXX is handling the crisis and what comes next for the platform.
Roy confirmed that DEXX is collaborating with law enforcement agencies, leading cybersecurity companies, and blockchain experts to track down the attackers. The team has gathered crucial information through legal channels and remains optimistic about locating the hackers.
In an effort to resolve the issue, DEXX has given the hackers 48 hours to reach out and settle the matter peacefully. If the attackers do not respond within this time frame, the company will take legal action without hesitation.
To regain user trust, DEXX is working on a compensation model for affected users. This involves verifying the identity of users to ensure that hackers aren’t withdrawing stolen funds. SlowMist, a cybersecurity firm, is assisting with this process to double-check that no fraudulent transactions are overlooked.
In addition to recovery efforts, DEXX is consulting with more security specialists to improve its platform’s protection. This includes revamping the security system to prevent future attacks.
To calm users down, Roy stated that the platform is still online and working. During the past week, Dexx made $1.9 million in transactions and has a net profit of $20,000.
While DEXX is trying to overcome the current issues, it is crucial that their users and customers are protected and that the platform they have created is not being manipulated in any way – this is going to be the key to getting their community back.
LeveX, an emerging player in the crypto industry, is excited to announce the official launch…
The cryptocurrency market today has resumed its upward momentum, with the market cap increasing by…
Ok folks - It’s a stacked week for crypto and the charts know it. Bitcoin…
The explosive rise of Shiba Inu showed the world that even meme coins can generate…
Bitcoin is flashing a strong bullish signal after successfully retesting its 1-week 50 EMA —…
XRP is gearing up for what could be its biggest rally in years. Following months…