Major Problems Surrounding Dx.Exchange Could Further Criminalize The Platform

Dx.Exchange launched earlier this week and it received a lot of support from users and crypto news outlets, but the exchange seems to be having severe security issues that could make criminalizing the exchange extremely easy.

The exchange was launched on January 7 and was marketed as the bridge that will connect cryptocurrencies with the real-world stocks. The exchange offered digitized versions of Apple and Facebook stocks but also some of the most popular cryptocurrencies as well.

Despite the support the exchange got, things are turning for the worst for Dx.Exchange.

Several online traders have already come across some data related to the newly launched exchange and found out that the website was leaking important financial and legal data. One of the anonymous traders tested the exchange by creating a fake account in order to check for the security issues himself. He found out shocking details including information about authenticated tokens and user’s data details. He also found out that in order to obtain this information there was a password-reset option so you can reach the other users’ tokens as well.

This means that anyone who can gain access to an affected account, it can obtain the user’ funds and even keep the account information so he can log on other time as well.

However, this isn’t the only security problem the exchange has. The leaking of the data caused for the entire system is now endangered as token data belonging to the employees are also accessible.

Despite that the exchange is now ‘’soft-launching’’ it is important for the exchange to focus on protecting its users’ data and to guarantee maximum security.