DxSale BNB Chain liquidity locker hacked, $7.3M stolen

A decentralized finance platform used to lock liquidity for cryptocurrency projects has been drained of approximately $7.3 million in a cyberattack, affecting around 1,400 investors. The incident targeted the BNB Chain liquidity locker service DxSale, with funds stolen from legacy contracts dating back to the platform's peak usage in 2021.

Blockchain security firm PeckShield reported that the attacker, using wallet address 0xC457, moved about $1.87 million worth of BNB into two primary wallets before distributing portions of the stolen assets across multiple deposit addresses associated with the Binance exchange. Analysts noted that this movement of funds through exchange addresses complicates efforts to trace and recover the assets.

Investigations into the breach point to a sophisticated exploit of the platform's smart contract architecture. Blockchain analyst Tahax reported that ownership of the core locker contract was transferred to a new wallet approximately 269 days prior to the attack, without a public migration announcement. This ownership was then allegedly passed through dozens of subsequent transactions designed to obscure the trail before landing with the wallet that...