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Elena R
Elena R
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Nov 26, 2024 07:44 UTC
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Dexx Hackers Strike Again! Stolen Funds Now Moved to Solana (SOL)
A decentralized exchange platform, DEXX, was recently hacked, leading to significant financial losses for users.
The hackers responsible for the attack have been reactivated, exchanging stolen altcoins for Solana.
The DEXX team is actively working with law enforcement and cybersecurity experts to track the hackers and recover lost funds.
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.
Joining Hands for the Investigatioon
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.
Compensation and User Verification Plans
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.
The Platform Stands Strong
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.
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