- The exploitation of ZenTao vulnerability led to a significant hack affecting the DEXX platform.
- $30 million was lost, impacting 8,612 Solana addresses.
- Calls for improved security from key industry figures continue.
The DEXX hack involved exploiting ZenTao vulnerability on March 26, 2025, compromising the platform’s servers and database as per SlowMist’s Yu Xian. The attack highlights crucial security challenges in the blockchain ecosystem.
Currently, the attack has resulted in a $30 million loss impacting 8,612 Solana addresses. Most users lost less than $10,000; however, one user lost $1 million. These substantial financial losses underscore vulnerabilities in Solana’s wallet architecture.
DEXX Hack: ZenTao Exploit and Financial Fallout
The DEXX hack, resulting from exploiting a ZenTao vulnerability, compromised production networks. It highlights continued security management gaps as underscored by SlowMist’s Yu Xian. Despite the swift response, the intrusion affected numerous users on the Solana platform.
The incident catalyzed awareness of immediate changes needed in network security. Affected users have demanded stronger protective measures. Financial repercussions could necessitate enhanced preventive strategies in DeFi platforms to reinstate market confidence.
Yu Xian stressed that hacker groups utilized social engineering tactics.
Hacker organizations often use social engineering to induce users to install malware or run malicious code, such as pretending to be investors, journalists, or HR to lure users into meeting software, or disguising as Telegram and Cloudflare verification requests to get users to run malicious code.
Solana Network’s Historical Breaches and Market Impact
Did you know? The DEXX hack is one of the largest in the Solana network history, with losses amounting to $30 million, surpassing the $6 million stolen in an exploit affecting over 8,000 wallets in August 2024.
As of March 26, 2025, CoinMarketCap data shows Solana’s (SOL) price at $144.94 with a market cap of $74.13 billion and 2.56% market dominance. Its 24-hour trading volume was $3.40 billion with a 5.00% increase. Solana prices changed 1.87% over 24 hours and 12.69% over seven days.
Analyzing trends, the Coincu research team identifies ongoing security improvements as pivotal in reducing systemic vulnerabilities. Innovations must align with expert recommendations to address challenges and enhance security frameworks in the volatile cryptocurrency ecosystem to support solvency and user confidence.
Source: https://coincu.com/328603-dexx-hack-reveals-security-oversight/