CandleFocus

DeBox Social Suffers $280K Crypto Loss in Security Attack

Author: Content Editor
DeBox Social, a cryptocurrency platform, has reported a security attack on its operational account resulting in the loss of 31.0282 ETH ($114,000) and 4,879,079 BOX tokens (worth nearly $170,490). The attack was caused by a private key leak from the platform's externally-owned account (EOA) wallet. However, user accounts and funds remain secure and unaffected. DeBox has outlined a recovery plan, using its Stabilization Fund to repurchase the stolen tokens from exchanges and allocating them to the BOX DAO for community voting. To enhance security, DeBox will transition to a multi-signature wallet and has engaged a security firm to investigate the breach. The platform remains committed to transparency and community involvement.

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