DEX OKX Is Suspected Of Being Hacked For More Than 400,000 USD

DEX OKX is suspected of being hacked for more than 400,000 USD

On the morning of December 13, 2023 Vietnam time, some users warned that the decentralized exchange (DEX) OKX may have been attacked by hackers. Many wallets authorized for OKX DEX suddenly lost all assets in their wallets, the temporary loss is estimated to be more than 424,000 USD, according to Wu Blockchain.

OKX DEX is suspected of being exploited. Some wallets authorized to OKX DEX were stolen for more than $424k. The deployer of the OKX DEX: Aggregation Router was involved in the attack. The proxy for attack has been removed. It is suspected of 0xFacf3 permission account’s private…

— Wu Blockchain (@WuBlockchain) December 13, 2023

According to onchain data, the routing implementation wallet of OKX DEX, specifically the Aggregation Router, was also implicated in the attack. The wallet suspected to be owned by a hacker has the address 0x1f14e38666cdd8e8975f9acc09e24e9a28fbc42d.

Previously In September 2020, virtual currency exchange KuCoin was also hacked into the cryptocurrency trading platform’s wallet by hackers. The hacker group then withdrew large amounts of ethereum (ETH) and bitcoin (BTC), as well as Bitcoin SV (BSV), Litecoin (LTC), XRP (XRP), Stellar Lumens (XLM), Tron (TRX) and Tether (USDT) is worth about 281 million USD.

OKX DEX is a decentralized exchange and cross-chain aggregator. This DEX aims to find the best cross-chain liquidity to support users in trading and exchanging assets on many different chains.

Related: How do I get started with OKX?

The OKB token price of OKX exchange did not fluctuate too much before this news, currently trading around 58 USD.

Chart of the OKB/USDT pair at 4:35 am on December 13, 2023 (UTC) on tradingview