OKX has just been hacked affecting many users:
- A $2.7 million hack occurred on the OKX DEX.
- The hack is believed to have been caused by a private key leak.
- OKX promises to reimburse affected users.
A private key leak causes a hack on OKX
The decentralized exchange aggregator (DEX) launched by OKX seems to have experienced a $2.7 million exploit caused by a private key leak.
The OKX team has confirmed that an outdated smart contract on OKX was compromised and has promised to reimburse affected users.
Some users on OKX have reportedly lost up to $370,000 as a result of this event.
Consequences and measures taken by OKX
OKX expressed regret over the incident and has taken immediate measures to secure all user funds and revoke contract permissions. The platform is working with agencies to track down the stolen funds.
“We regret to inform you that an outdated smart contract on OKX DEX was compromised. We have taken immediate measures to secure all user funds and revoke contract permissions.“
Security analysts at PeckShield, as well as Arkham Intel, a blockchain data analytics provider, have confirmed the exploit, estimating the value of the stolen cryptocurrency assets at around $2.7 million.
Meanwhile, Arkham has also offered a reward of approximately $2,250 to anyone who assists the platform in identifying the hacker.