📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
DEXX platform was attacked by hackers, the Meme Token market suffered a heavy blow, and losses may exceed 100 million dollars.
DEXX trading platform has encountered a serious security incident, on-chain Meme market has been severely impacted.
In the late night of November 16, a decentralized trading platform focused on Meme token trading suffered a major cyber attack, resulting in the illegal transfer of a large amount of user assets. Preliminary estimates suggest that the loss could reach tens of millions of dollars, and may even exceed one hundred million dollars. Security experts pointed out that user private key information has been leaked, but the exact leakage channel is still under investigation. This incident has had a significant impact on the recently popular on-chain Meme market and has once again raised concerns about the security of on-chain assets.
Event Details and Platform Response
According to the investigation, there are serious security vulnerabilities on the platform:
The platform founder stated on social media that due to special reasons, he is temporarily unable to synchronize updates and requested more time to handle the situation. He promised to compensate users for their losses and mentioned that some user accounts have been isolated. However, as the amount stolen continues to rise, many users' trust in the platform has plummeted, with some even suspecting that this is an inside job.
Market Impact
This incident has had a significant impact on the Meme token market. Several well-known Meme tokens have experienced varying degrees of decline:
It is worth noting that hacker attacks are still ongoing. As of the 17th, it has been confirmed that at least $13 million has been stolen, but the actual losses may far exceed this number. In addition to stablecoins, a large number of recently popular Meme tokens have also been stolen, including BAN, Pnut, BITCAT, and SOL.
Security Recommendations
In light of recent frequent security incidents, investors need to be especially cautious and take the following measures to protect their assets:
In addition, users should also:
This incident serves as a reminder that security is always the top priority in the blockchain world. Investors need to remain vigilant and implement multiple protective measures to ensure asset safety.