Concerns Raised Over DEXX Wallet Security

According to BlockBeats, on November 16, SlowMist's Cosine shared a post on social media highlighting security concerns regarding DEXX, which claims to be a 'non-custodial wallet.' Despite this claim, users' private keys are reportedly stored on DEXX servers. SlowMist has received over 200 reports related to thefts involving DEXX, prompting the team to initiate a thorough investigation and analysis. Users are advised to withdraw their funds and remain cautious of any trading bots that may have centralized custody features. The risk of being targeted increases significantly with larger amounts of funds. This situation underscores the importance of vigilance and security awareness in managing digital assets, particularly when dealing with platforms that may not fully adhere to non-custodial principles. Users should ensure that their private keys remain under their control to mitigate potential risks associated with centralized storage solutions.