On December 2nd, DeBox announced a security breach involving the unauthorized access of its operational account’s personal EOA wallet private key. This incident resulted in the theft of 31.03 ETH and 4.879 million BOX tokens. The platform has reassured its community that this breach does not compromise the security of users’ assets. In response, DeBox has outlined a comprehensive recovery strategy, which includes a Stability Fund Buyback aimed at repurchasing the stolen tokens from exchanges, expected to be finalized within a week.
Additionally, all tokens recovered will be allocated to the BOX DAO Asset Pool, with usage determined by community governance through voting. The company also plans to enhance account security by migrating to a multi-signature wallet once the DeBox App integrates this functionality. Furthermore, a dedicated security firm has been engaged to monitor and trace the stolen assets, ensuring regular updates on the investigation. The DeBox team remains committed to pursuing legal action against the perpetrators while fostering a transparent and sustainable ecosystem.