ApolloX Seed Fund Exploit Amounts to $2.8M Worth of APX Token

Crypto DEX ApolloX was attacked by hackers. The hacker accumulated 53 million APX tokens from trading rewards. Users’ funds were not compromised by the attack. Crypto derivatives exchange ApolloX has been exploited for $2.8 million worth of APX tokens by unknown hackers. The attack took place on the same day as the exchange secured an undisclosed amount of funding from top investors, such as Binance Labs, Research Kronos, and five others. According to ApolloX, the exploit happened on June 8 around 11:20 AM UTC. The hacker took advantage of a flaw in the trading reward contract of the exchange.  In