OKX’s SMS notification safety feature was compromised by criminals who detonated cryptocurrency amounts, sending users into a state of excitement. The company is working to get to the heart of the matter and ensure full compensation to users.
According to SlowMist, information is starting to trickle in and two victims have shared that their OKX exchange accounts have been drained. In both cases, similar SMS risk notifications came from Kong Kong asking me to allow withdrawals and transactions.
This week, a Binance user experienced the same situation and lost close to $1 million in cryptocurrency due to a cross-trading plugin.
MistTrack, SlowMist’s monitoring arm, is searching for hacker wallet addresses related to both breaches.
Please note that in both cases the victims did not have Google Authenticator enabled, but this seems unlikely to be the cause of the hacking.
In a statement released by OKX, they assured users that they will leave no stone unturned until they uncover the truth behind the hack and will release updates whenever necessary. However, they promised that all users would receive appropriate compensation if the platform is found responsible. We ask that you refrain from spreading unnecessary rumors to prevent the situation from getting worse.
In the case of the Binance breach, criminals adopted a strategy of manipulating their accounts to avoid recognition. He took his web cookie as bait and implemented a large number of trades on the USDT trading pair, which increased liquidity. He also executed limited sell orders at high prices in pairs with little liquidity, which is the secret to the villain’s success.