DxSale drained for $7.3M in BNB Chain liquidity exploit
DxSale, a memecoin launch platform on BNB Chain, was exploited for about $7.3 million, affecting roughly 1,400 liquidity providers. Onchain data shows the attacker moved about $1.87 million in BNB into two main wallets and then routed funds through multiple Binance deposit addresses, making tracing harder. Analysts say the attacker’s wallet was freshly created and funded via Bybit, and the exploit may have relied on a previously hidden backdoor in the locker contract after ownership was quietly transferred months earlier. The attack used ownership hops and withdrawal loops to drain supposedly locked liquidity. The incident adds to renewed DeFi security concerns, with May already seeing tens of millions in hack losses and broader fears that AI is making smart-contract attacks easier.
