The most sensational event in the circle these days is probably the DEXX incident.
I don't know much about this platform, I just saw a lot of people fighting for rights on Twitter and then looked up the relevant reports online and learned a bit about how the platform works.
This is a platform similar to a robot trading platform, and the main trading objects on the platform are various meme coins. The platform uses robots to allow users to trade tokens automatically to make a profit.
Although I have not participated in this platform, I have tried a similar approach before - I participated in a trading robot on TON.
When I opened this robot, it prompted me to give it the private key of my account, and then it could help me trade automatically.
As soon as I saw that it wanted me to give it my private key, I immediately closed the robot and never paid attention to any such applications again.
The reason I closed it is very simple: I don't participate in any application that asks me to hand over my private key, no matter how tempting it boasts.
According to the information currently compared by multiple parties, this incident has resulted in the loss of assets worth tens of millions or even billions of dollars for users.
Although the truth of the incident is still under further investigation, the increasingly exposed details can still allow us to see the problems reflected in the incident:
The security problem caused by the centralized custody of private keys.
The security of crypto assets is almost a common topic in the ecosystem. This type of security incident basically occurs at least once a year.
The basic reasons for the incidents are simply the following three points:
- Lured by high returns
- Users expose private keys
- Poor management of private keys.
Among the many security incidents, their manifestations may not be exactly the same, but they will appear in new ways each time, but if you examine their essence, they are all the same.
In the DEXX incident, the recommenders who participated in the recommendation could get high commissions, the returns promoted by the platform were very tempting, the players who participated in the platform had to provide their own private keys, and the platform's management of their private keys was centralized.
All these problems have occurred.
For such applications, players will always have such a lucky mentality:
I'll just put a little money in to play, and when I make money, I'll withdraw, and I'll be able to safely get out of it.
This idea is beautiful, but in reality, the vast majority of people will not be able to control themselves.
Even if it starts with a small amount of capital, once they get high returns, they will not want to withdraw, let alone get out of it safely. At this time, their minds will swell, and they will only want to use more money to seek greater returns, and all the precautions they had set in their minds will be gradually removed.
Therefore, once the final incident occurs, the amount of loss for the users will definitely be huge.
In this incident, the amount of loss of the users who participated in the rights protection and exposure on the Internet is not small.
There are also many users who mentioned that they have reported to the public security organs and filed a case.
In our country, transactions related to crypto assets are very sensitive issues, and they are already a relatively gray area in terms of law. In this case, it is difficult to say how the public security organs will handle such cases, and even if they do, it may still involve other troublesome matters.
So for us small investors, the only way to protect our own interests in this field is ourselves.
We must attach great importance to the security of crypto assets ourselves, rather than entrusting security to others.
After all, the original intention of the birth of blockchain technology is to hope that each user can control their own private keys and firmly grasp their own assets, right?
I think similar incidents will still occur in the future, and every time such an incident occurs, users will suffer losses. If new users entering this field are unfortunate due to lack of experience, it is understandable, but for old users who have been in this field for many years, they should deeply reflect on themselves.
I always believe that security is the top priority in the crypto ecosystem. Any tempting benefits are just flowers in the mirror and the moon in the water if security cannot be guaranteed.
