In a recent security breach, OKX DEX fell victim to an exploit, resulting in a substantial loss of over $400,000 in user funds.
Unauthorized Transactions Trigger Alarm Bells
The breach came to light as users observed unauthorized transactions from wallets that had previously authorized OKX DEX for transactions. Analysis of onchain data identified a specific wallet potentially linked to the hacker, as it played a central role in moving a significant amount of assets during the breach.
Chinese journalist Colin Wu brought further attention to the incident, reporting that several wallet addresses linked to OKX DEX were drained during the exploit.
Exploiting Abandoned Market Maker Contract
Wu revealed on X.com that the hack exploited the management rights of an abandoned OKX DEX market maker contract. Hacking the contract’s management rights allowed the attacker access to 18 addresses that had approved the contract for token trading. The exploit, orchestrated by manipulating the proxy adm
We współpracy z: https://cryptodaily.co.uk/2023/12/hackers-exploit-okx-dex-drain-over-400k
