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ApeX reported that a wallet associated with its Trade-to-Earn Season 1 program was compromised due to a social engineering attack on a former team member's device. The company clarified that this incident did not involve a smart contract exploit and that no user funds or platform contracts were affected.
According to ApeX, a wallet linked to its Trade-to-Earn Season 1 program was compromised as a result of a social engineering attack targeting a former team member's device. The company stated that the incident did not involve a smart contract exploit, and no platform contracts or user funds were impacted. No further details about the nature of the attack or the extent of the compromise were provided in the announcement.
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ApeX is a decentralized exchange launched in December 2021, enabling users to trade cryptocurrencies directly on the Ethereum blockchain via perpetual smart contracts. The platform features low trading fees, leveraged trading, a user-friendly interface with TradingView charts, and offers the ability to earn passive income through staking its governance token. For further details, see the broker profile on Traders Union.
In the previous ApeX update, the broker launched spot prediction trading on its Omni platform, enabling users to trade political event markets without leverage or KYC requirements. For more information, read the previous ApeX update on Traders Union.