In the early hours of Wednesday, WuBlockchain posted a tweet warning that OKX DEX was suspected of being exploited, causing losses exceeding $424,000. Accỏding to SlowMist, OKX DEX’s wallets, especially Aggregation Router, were also affected in the attack. SlowMist found the hacker’s wallet address is 0x1f14e38666cdd8e8975f9acc09e24e9a28fbc42d.
After the news spread, OKX immediately released an official announcement, admitting that a smart contract associated with the old market was taken over, allowing hackers to carry out the attack and steal assets from 18 hijacked wallets.
The actual loss is estimated at $370,000 and OKX pledges to fully compensate affected users. Affected smart contracts have been frozen, ensuring the safety of users’ assets.
Moreover, in order to prevent similar attacks, OKX announced that it will develop a new security tool, specializing in automatically checking old smart contracts, especially those that have been abandoned, to build a stronger layer of protection.
OKX DEX is a decentralized exchange and cross-chain bridge aggregator, which aims to find the best on-chain liquidity for trading any assets seamlessly.