DEBOX SOCIAL

DESCRIPTION OF EVENTS

DeBox is an all-in-one Web3.0 social platform designed to simplify interaction within the Web3 ecosystem. It has achieved significant milestones, including $383 million in transaction volume, over 10 million users, and substantial community engagement. DeBox offers various services, including DeSwap for decentralized swapping, and the DeBox Guardians NFTs, which are part of its community and ecosystem. With a focus on making Web3 easier to navigate, the platform aims to empower users through its token, $BOX, and create a user-friendly environment for both developers and investors.

"Asset Loss Overview: •ETH: 31.0282 •BOX: 4,879,079.3995"

"Whether it was stolen or the project owner dumped the project and ran away, there is no clear official statement yet, so let us wait and see."

"Debox rug, remember everyone also played scratch lottery, damn. The official said it was stolen, or did he run away? All the pools on the chain have been withdrawn. Magic blockchain, a new melon every day, each melon is different."

"The official announcement states that due to the leakage of the private key from the operator’s personal EOA wallet, 31.03 ETH and 4.879 million BOX were stolen. The official emphasized that this incident does not involve the security of platform users’ assets, assuring the community that their funds are safe."

"The social project #Debox @DeBox_Social was drained today. The price of the coin has fallen by 95% since September. Is it a Rug or stolen? Keep watching"

"Breaking: The previously popular DeBox in the Chinese-speaking community seems to have run away! Oh my God! This shows that anything related to "DE" or "X" is not safe! Everyone, please check if you have linked DeBox and disconnect it to avoid further asset losses! #DeBox @DeBox_Social"

"The once-popular DeBox project in the Chinese-speaking community seems to have run away, with funds already cashed out through exchanges and liquidity pools withdrawn from the blockchain. The project team claims the wallet was stolen, but due to the frequent occurrence of "insider theft" in the industry, further updates are awaited. Please stay tuned, and we will continue to follow up on the situation."

"It is really shocking that there is no multi-signature wallet and the asset management of the project is too casual."

"It's just a few lines of words, but behind them are tens of thousands of dollars of tuition fees"

"It's 2024, is there any EOA account private key leak? It is recommended to replace the CTO"

"II. Action Plan:

1. Stabilization Fund Deployment: The Stabilization Fund will be used to purchase back all stolen tokens from the exchange, with completion expected within one week.

2. Token Allocation: All repurchased tokens will be injected into the BOX DAO assets. The community will vote to decide their use.

3. Account Security Update: The DeBox Social operational account will transition to a multi-signature wallet once DeBox App supports multi-signature logins.

4. Accountability and Recovery: A professional security firm will handle the investigation and asset tracing. Updates on the recovery process will be provided regularly. Any recovered assets will be managed through BOX DAO voting.

DeBox will continue to trace the theft address and reserves the right to take all necessary legal actions to pursue accountability.

DeBox has always placed the community at its core, striving to build an open, transparent, and sustainable ecosystem.

We sincerely appreciate your understanding and support. Together, we believe DeBox will emerge stronger and more resilient."

Explore This Case Further On Our Wiki

DeBox is a Web3.0 social platform which reportedly has significant community engagement. On December 1st, 2024, a wallet with a large amount of box token was compromised, leading to a significant drop in price as those tokens were quickly liquidated. DeBox has posted on social media to address the issue. Very few external firms appear to be tracking the funds, and it does not appear that any recovery is in progress.

@debox_social Twitter (Jan 20)
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@w3__debox Twitter (Jan 20)
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@0xotmk Twitter (Jan 20)
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@Yee92480343 Twitter (Jan 20)
@_koling_ Twitter (Jan 20)
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@sinanz00 Twitter (Jan 20)
@spacen1ght Twitter (Jan 20)
@genfenggoudaib1 Twitter (Jan 20)
@1453Gurbuz Twitter (Jan 20)
@BenWAGMI Twitter (Jan 20)
@DeBox_CN Twitter (Jan 20)
@john28463719 Twitter (Jan 20)
@cryptonewsz_ Twitter (Jan 20)
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@yuexiaoyu111 Twitter (Jan 20)
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@DeBox_CN Twitter (Jan 20)
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@pandaBA007 Twitter (Jan 21)
@numbzc888 Twitter (Jan 21)
@DeSwap_Official Twitter (Jan 21)
@yuexiaoyu111 Twitter (Jan 21)
@MemeSiguoyi Twitter (Jan 21)
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$0.02 | DeBoxToken (BOX) Token Tracker | Etherscan  (Jan 21)

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