OKX DEX suffers $2.7 million hack

OKX DEX is a service by OKX that aggregates decentralized exchanges (or DEXes) to help users access features and prices across multiple projects. On December 12, an attacker appeared to gain administrative control of the DEX's smart contract. They upgraded the contract such that they could transfer tokens to themselves, then proceeded to do exactly that until they had stolen around $2.7 million in various cryptocurrencies.

It appears the attacker was able to gain access to the smart contract admin key, which gave them the ability to upgrade the contracts to enable malicious functionality.

OKX announced that they would reimburse the losses, and pursue legal action against the exploiter.