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The highly anticipated "stock" bag from Ethereum, DX, was launched this week! Despite the great enthusiasm for the project, problems related to company safety were immediately discovered. The January 7 launch was just a soft launch, but traders are not happy with the lack of security that the platform initially provided.
DX.Exchange defects based on Ethereum
And finally we are alive! Welcome to https://t.co/gavrexaT1d! Register now to start trading! #exchangeyourway pic.twitter.com/QN1joUR6SE
– DX.Exchange (@DXdotExchange) January 7, 2019
At the time of the launch, the exchange reported some interruptions because the site was not able to handle the traffic that was brought to it. What has intrigued most investors was the promise of DX that it would have had major technology titles like Apple and Tesla on the exchange since the beginning. To circumvent United States security laws, the Ethereum-based exchange is not open to US residents.
However, the CEO and co-founder of DX has just recently done it complaints that the exchange will hit the United States sometime this year. How they will get the one approved by the SEC is beyond me. Especially considering that public companies listed on the stock exchange do not benefit from listing.
The soft launch of DX exposed a number of problems with the platform that investors were not satisfied with.
Other than that it seems bad !!!!!
FA analysis = rather simple for 2019.
TA = not enough data yet.
Mcap = heavily evaluated.
I'd like to download that for something with a much more risky way: reward. You will be lucky to score a 300% on this during #altszn.– JESSE ℂOUℂℍ (@jessecouch) January 7, 2019
An anonymous trader told CCN that he created a fictitious site account to test its robustness and discovered shocking details. Presumably, the merchant found that the request sent by his browser to the exchange included information on the authenticated token and the user's details to access the account.
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In addition to private and public keys, the information included the link to reset the password. Basically, the trader could completely access any interested account of the user's account if he was not already logged out. Furthermore, he found that he could access some accounts even after the user logged off.
The Ethereum-based exchange soon caught its breath and acted.
WE HAVE PROGRAMMED FOR TODAY AT 11 AM (ESTONIA TIME ZONE) A MAINTENANCE UPDATE TO IMPROVE OUR FEATURES OF THE PLATFORM AND CARRY OUT VARIOUS FIXES AND UPDATES. THE PLATFORM WILL BE COMPLETELY WORKING AFTER A FEW MINUTES. THANKS FOR YOUR PATIENCE
– DX.Exchange (@DXdotExchange) 9 January 2019
Shortly thereafter, DX published a blog post on the incident that dealt with the patches they pose in their security issues. If you live outside the United States and you were considering trading on the DX platform, I strongly suggest you resist, for now.
Featured image: Depositphotos © Cpifbg13
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