The central cryptocurrency exchange OKX’s multi-chain and cross-chain trading aggregator, OKX DEX, was hacked. Chinese Blockchain and cryptocurrency journalist Colin Wu (WuBlockchain) reported that following the attack, initial findings indicate more than $400,000 in funds were stolen from some authorized wallet addresses for OKX DEX.
OKX DEX Issues Statement on the Attack
Colin Wu‘s compiled information on the incident indicates that OKX DEX fell victim to a hack. Accordingly, more than $424,000 in funds were stolen from some authorized wallet addresses for OKX DEX.
In a statement from OKX DEX, it was mentioned that the DEX’s trading aggregator was targeted, while it was also reported that the proxy used for the attack was removed. It was also highlighted that the attack is suspected to have occurred after the leakage of the private key of the wallet address starting with 0xFacf….
OKX: All Losses Will Be Covered
Following the attack, the OKX exchange made a comprehensive statement, announcing that funds were stolen from 18 authorized wallet addresses due to the hacking of the management rights of an unused OKX DEX market maker contract. While all affected contracts were disabled and all user assets were confirmed to be safe.
The cryptocurrency exchange stated that instead of the initially claimed amount of over $424,000, approximately $370,000 in funds were stolen. OKX also announced the good news that all stolen funds will be reimbursed.
Furthermore, it was announced that a general security review will be conducted in relation to the attack and that all unused contracts related to OKX DEX will be reorganized.
