CertiK Reports Suspicious Activity in DIMO Admin Wallet
According to CertiK monitoring on November 7, the DIMO admin wallet was used to upgrade the proxy and withdraw 30 million DIMO tokens. These tokens were then sold for about $40,000.
One hour after the sale, the proxy was reverted to its original implementation, and ownership was transferred to a multi-signature wallet.
About DIMO
DIMO is a decentralized software and hardware Internet of Things (IoT) platform. It enables users to create verified vehicle data streams that can be privately shared with applications. This allows users to negotiate better services such as car financing and insurance.
Financial and Economic Updates
- JPMorgan highlighted that IREN's shift to AI infrastructure offers long-term benefits but might increase short-term financial pressure.
- The preliminary estimate for US one-year inflation in November stands at 4.7%.
- U.S. consumer confidence fell to its lowest in over three years, with expectations of a weakening labor market.
- According to the New York Fed, expectations for future financial conditions declined in October.
The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Summary: CertiK detected a suspicious transaction involving 30 million DIMO tokens sold for $40,000, followed by security changes to the admin wallet, while broader economic concerns persist in the US.