Meme community was "attacked" and DEXX was stolen, with losses reaching tens of millions of dollars

Author: Liu Kun who loves to buy at the bottom

This morning, the members of the major Meme communities who were supposed to finish their busy "dog-hunting" work all night were instantly blown up by a piece of news. The on-chain trading terminal DEXX was attacked, and many users confirmed that their funds were transferred. The scope of this attack involved multiple chains, and there were also many types of transferred asset tokens. Multiple meme coins were sold off and fell rapidly in a short period of time.

Dexx is a full-chain Memecoin trading platform that supports multiple on-chain assets such as SOL, ETH, TRX, BASE, and BSC. It mainly promotes its on-chain mobile stop-profit and stop-loss, hot concept push, smart wallet tracking push, doubling of capital, one-click anti-clamping, and one-click buy and sell.

In response to the theft of DEXX user funds, SlowMist founder Yu Xian posted on the X platform that the victims were related to those who used DEXX to make money/speculate on MEME. The private key was centrally managed by DEXX and must have been leaked. The method of the leak will be disclosed in the investigation. For a time, all the major Meme communities were filled with abuse: "I was woken up in the middle of the night and found that $20,000 had been stolen from DEXX. All my hard work for a month went down the drain. I will never touch this kind of centralized wallet again"; "I am speechless. I just registered and transferred 100 SOL into it and it was stolen. No wonder so many KOLs recommend it"; "I liquidated all my Memes. Many wallets were stolen this time. Hackers will dump the stolen coins. After fermentation, all Memes may be dumped and collapsed"; Many people were stolen and the amount was large. Due to the large number of users affected by the theft, a "rights protection group" was established immediately and began to register the stolen information. The figure below shows the record of stolen funds (since the stolen users reported it themselves, only part of the data has been confirmed to be true). At the same time, SlowMist founder Yu Xian also posted a message saying: "Based on the 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." There are also other community users who have counted a total amount of more than 10 million US dollars. Because the addresses have not yet been fully counted, the stolen amount cannot be finalized for the time being, but from the feedback of community users, it can be seen that there are many users whose funds have been stolen by tens of thousands, hundreds of thousands, or millions.

DEXX official response: No RUG, suspicion of embezzlement

After the theft, DEXX Chinese official posted a reply on the X platform: "Currently DEXX has noticed the problem of tokens being transferred away as reported by many users, and many professional security audit teams are already conducting analysis and investigation. The team is working hard to solve it, and there is no RUG. Subsequent progress will be notified to everyone through the site push and X/Telegram notification as soon as possible."

The personal information of DEXX founder was also exposed. DEXX founder Roy (@honza 204) later responded to the theft, saying: "We will pay to make up for it. Some users have been quarantined. There is no RUG. We are investigating and cannot reply one by one. Don't worry."

However, there has been no follow-up to this reply, and users are not buying it. They have questioned whether DEXX deliberately ran away and embezzled.

DEXX has not been popular for long in this round of meme craze. It mainly relies on KOL promotion to quickly acquire users. According to KOL’s disclosure to Odaily, the current Bot gives very high rebates to quickly acquire users, and the highest is even 50%-60% of the handling fee. With the frequent appearance of Golden Dogs, such income is quite considerable.

After the DEXX incident, many KOLs who had previously promoted DEXX crazily and described it as "Binance on the chain" began to quickly delete posts and cut ties with it. The one who was most complained by netizens was X KOL Youmin @youmin 8341, who had previously posted a sky-high rebate.

After the incident, Youmin tweeted @DEXX founder and said that his rebate had never been withdrawn. Netizens lined up to tease him, "Two sticks broke up the brotherhood, and the transcripts were all brothers' names."

Safety Advice

Meme is undoubtedly the hottest sector with the most opportunities to make money in this round of bull market. On-chain operations and the use of various BOTs have also become users' daily habits. The "DEXX was attacked and user funds were stolen" incident should also sound the alarm for the industry. In order to avoid similar incidents such as "Sol earned from months of hard work turns out to be working for hackers", Odaily Planet Daily has also compiled some security suggestions, hoping that everyone must be cautious about the security of on-chain assets: - Do not trust the recommendations of others, study the product mechanism well, and it is recommended to use BOT whose private keys are not stored on the server; - Choose BOT with a long operating time, a strong team and no record of safety accidents; - Do not click on unfamiliar links in the TG group, and do not reply to any private messages; - Regardless of the tool used, it is recommended to withdraw large funds to a self-hosted wallet after the transaction; Bnanagun, Unibot, etc. have been stolen before, and DEXX will not be the last one.

Remember, walking in the dark forest of Web3, only those who survive until tomorrow have a chance.