OKX decentralised exchange suffers $430,000 exploit due to private key leak

OKX decentralised exchange (DEX) was exploited, leading to a loss of approximately $430,000, due to a suspected leak of the admin's private key.

Blockchain security firm SlowMist reported that the exploit involved unauthorised access to the DEX's Proxy Admin, enabling attackers to transfer tokens directly.

The exploit occurred following an upgrade to the DEX Proxy contract, which included a function allowing the transfer of user tokens.

OKX has acknowledged the attack and committed to reimbursing affected users, ensuring no financial loss to its customers.