Blockchain security firm SlowMist, has linked more than 8,620 Solana wallets to the $30 million hack of the memecoin trading platform DEXX.
This revelation, confirmed by SlowMist, highlights the scale and complexity of the exploit that targeted at least 900 users.
DEXX Hack Linked to Solana Wallets is Largest November Hack After Thala
The breach, first reported on Nov. 16, initially accounted for $21 million in losses, making it the second-largest hack of November 2024, after Thala’s $25.5 million incident.
However, SlowMist founder Cos later revised the DEXX loss estimate to $30 million, citing memecoin price fluctuations as a factor.
According to MistTrack data, most users suffered losses under $10,000, but one individual lost over $1 million. The stolen assets were swiftly converted into Solana tokens, complicating recovery efforts.
In the aftermath, DEXX took proactive measures to mitigate the damage. The platform offered a bug bounty and token rewards to incentivize
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