StandX Perp DEX Shuts Down; Crypto Security Risks Mount
StandX, the perpetual DEX founded by former Binance Futures head Aaron Gong, is ceasing operations and scrapping its token launch. Meanwhile, a broad list of crypto security threats — from supply chain hacks to wrench attacks — is circulating.
What we know
An account on X broke that StandX will shut down and abandon its token launch, a notable failure for a project backed by well-known industry veterans. On the security side, another account on X catalogued the expanding threat landscape: supply chain breaches draining unsuspecting wallets, physical "wrench attacks" involving machetes, single-click full wallet drains, and exchange counterparty risk — framing self-custody as increasingly dangerous with no clean solution. The W3C Ambient Light Sensor API browser exploit flagged in the Interesting feed adds another vector to watch.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.