DEXX Token Theft Hits $16.79M Despite Certik Security Audit

Key Points:

• DEXX Token Theft hits $16.79M, raising doubts over Certik’s audit.
• OneKey links DEXX theft to clipboard content, fueling security concerns.

The DEXX Token Theft reached $16.79M despite a Certik security audit. It affected MEME trading tool users and was possibly linked to clipboard data exposure.

DEXX Token Theft Raises Security Concerns After Certik Audit

The theft of the DEXX token resulted in huge losses amongst the users of the MEME trading tool, amounting to a humongous total of $16.79 million. This included a maximum loss by the MEME users, who had $3.45 million worth of BAN tokens compromised. Pretty important questions come up about the security infrastructure of a platform since this has passed through a Certik audit.

The losses also included $1.75 million that LUCE token holders were affected with. This tends to point to the broader vulnerabilities of the DEXX ecosystem, in particular, towards users relying on its trading tooling. This incident once again raised focus on the dire need for much deeper and more proactive security protocols by decentralized platforms with a view to safeguard their user community and retain their trust, according to DEXX.

Read more: Court Revives AT&T SIM Swap Lawsuit Over $24M Crypto Theft

Investigation Deepens Into DEXX Token Theft Worth $16.79M

OneKey demonstrated a shocking possibility: DEXX might have uploaded the clipboard content of its users, inadvertently leaking sensitive data to hackers. This reported breach could imply that private keys or wallet credentials were able to be intercepted by attackers and add yet another layer of vulnerability to the already compromised security of the platform. If true, such practices bring into question DEXX’s commitment to user privacy and data protection.

OneKey has thrown at the company all manner of allegations, to which a lot of concern has been raised in the crypto community. The incident is a lesson for both users and platforms on how personal information shall be kept. As this company falls into hot water, many industry stakeholders are asking for much stricter standards in security audits to ensure their promise of user safety and transparency is indeed honored.