At the end of last month, DEXX founder Roy stated on Twitter that he had completed the investigation of all victim addresses and amounts, and said that a compensation channel would be opened on the platform. Subsequently, Huobi co-founder Du Jun expressed his willingness to acquire on Twitter. KOL Hella, who has received a lot of attention in this incident, has also compiled a complete timeline of the DEXX theft incident.
Table of Contents
ToggleHuobi Du Jun is interested in acquiring DEXX and inquires about user willingness
DEXX founder Roy first stated on Twitter that he has basically completed the investigation of all victim addresses and amounts, and the third-party investigation agency MistTrack has also published the hacker's addresses. He said that a compensation channel will soon be opened on the platform, but the security upgrade of the platform has not yet been completed, and he also warned users not to deposit funds into the platform's accounts for the time being, as the hackers still have the private keys. When the compensation channel is officially launched, a brand new compensation address will be provided to users.
As a supplement, the platform still has a trading volume of 2 million USDT per week after the private key leak.
Subsequently, Huobi co-founder Du Jun also asked on Twitter: "Does DEXX have acquisition value? If fully compensated and security upgraded, will you still use it?" And in the comments, he supplemented that a former colleague of Huobi revealed that DEXX wants to introduce a major shareholder, and Du Jun has now contacted Roy, and he is currently inclined to first investigate the community's opinion.
There are some sarcastic comments in the comments section saying that if it is Huobi's other co-founder Li Lin who comes forward to acquire, they will continue to use the product. However, these two co-founders seem to be quite busy after selling Huobi to Justin Sun. We have previously reported that Li Lin has also been very active, first acquiring a compliant exchange in Japan, and then launching a 500 million USDT quantitative fund in Tokyo.
Rights protection KOL organizes timeline, compensation will be announced after investigation is completed
In the DEXX rights protection incident, the KOL named Hella has a lot of speaking power, and she has also re-organized the timeline of the incident on Twitter, and the following timeline will be presented from the perspective of the parties involved:
Early morning of November 16: Theft incident occurred
DEXX suffered a large-scale asset theft incident, according to Slow Mist's statistics, the total loss was 21 million USDT, with more than 1,000 victims and more than 8,000 stolen addresses.
6:00 am on November 16: Established a rights protection group
Users spontaneously formed a rights protection group (I was one of the group organizers and organized a group of 3,500 people and a group of major holders) to start organizing the collection of victim information, including helping to connect with Slow Mist to monitor the flow of stolen funds.
November 19: The platform filed a case with the police and cooperated with Slow Mist to investigate
The platform has filed a case, and Slow Mist has also stated that it has formally intervened and is cooperating with law enforcement agencies for subsequent investigation work.
November 20: Victims filed police reports and cases in multiple locations
Since the day of the incident, victims across the country have filed police reports and successfully filed cases. Incomplete statistics show that dozens of cases have been established so far, and law enforcement agencies in multiple locations are involved.
3:00 am on November 24: The attacker first sold the stolen assets
According to a large amount of user feedback and Slow Mist's monitoring, the attacker converted a large amount of tokens on the Solana address into Sol, but has not yet withdrawn them.
November 25: The victim community united to speak out
I wrote an "appeal to DEXX platform to take responsibility and recover user losses" open letter, which received the support of various KOLs. As of now, the article has been viewed 620,000 times, driving the exposure of the incident.
November 28: Roy publicly stated compensation
Founder Roy said he is negotiating with investment institutions and discussing with security experts to build a platform security upgrade plan; and he will update the compensation channel on the platform. Roy had previously stated that he would fully compensate the victims.
November 28: The attacker's Solana addresses have basically been fully identified
Slow Mist published a list of 8,612 Solana chain addresses of the attacker (containing 65,600 Sol, 3.4 million Ban, 510,000 Luce1, 1.5 million Shoggoth), and also emphasized that the data on the EVM chain still needs a few days to be investigated.
Early morning of November 29: The attacker's EVM addresses began to show abnormal activity
According to Slow Mist's monitoring, the attacker's EVM addresses (ETH/BSC/BASE) showed abnormal activity, but have not yet made large-scale movements.
7:00 pm on November 29: Du Jun expressed interest in acquiring
ABCDE Labs founder Du Jun stated on Twitter that he is communicating with the platform about an acquisition plan, and asked users "if fully compensated and security upgraded, will you still continue to use it".
3:00 am on November 30: The attacker converted a batch of EVM chain tokens into ETH/BNB, but has not yet withdrawn them.
More specific compensation plans will be proposed after Slow Mist completes the investigation.
