Prophex confirms incident contained; testnet launch timeline unchanged
November 6, 2025 — Prophex, the primary perpetual prediction market, issued a safety replace following a quick compromise of its official X account on November 1 (UTC). In the course of the quick window, three rip-off posts had been revealed from the account selling a counterfeit token. The incident was quickly contained, core techniques had been unaffected, and the testnet launch timeline stays unchanged.
Official channels: The one official web site is prophex.io, which serves as Prophex’s main supply of fact for bulletins and hyperlinks. Customers ought to confirm data there earlier than appearing on social posts.
Prophex activated its incident response instantly: greater than 50 coordinated accounts (inner and company) replied beneath the malicious posts to warn customers, alerts had been issued on Telegram, and a number of restoration requests had been filed with X. By Tuesday, November 4 (UTC), Prophex locked the account and signed out all energetic classes; full restoration with X stays in progress.
“This was a social-engineering assault on a single social account. Our product infrastructure and treasury had been by no means in danger,” mentioned Alina Dasacula, Head of Compliance at Prophex. “We acted without delay to guard customers and hardened controls throughout the group, together with FIDO2 safety keys, step-up MFA, and obligatory anti-phishing coaching. Our testnet launch timeline is unchanged.”
Product context
Prophex is constructing a perpetual prediction market—merchants can go lengthy or quick occasion outcomes with as much as 10× leverage, enter or exit at any time, and settle immediately when outcomes are verified. A digital liquidity mannequin and insurance coverage fund are designed to maintain markets truthful and liquid, whereas dynamic pricing updates in actual time as positions change—no ready for swimming pools to fill and no mounted odds. The upcoming testnet will showcase these mechanics throughout a rotating set of high-intent occasion markets.
Technical abstract of the incident (UTC)
Nov 1, 19:34 — Phishing electronic mail acquired
19:45 — Workforce member engaged with the e-mail
19:48 — Entry to the official X account misplaced; takeover confirmed
20:35 — First rip-off submit; two subsequent posts adopted
Nov 4 — Account locked; all classes signed out; restoration with X ongoing
Scope, containment & escalation: The incident was confined to the social account. No manufacturing companies, wallets, or inner infrastructure had been impacted. As normal process, Prophex rotated credentials, reviewed entry logs, and engaged third-party on-chain analysts to look at any transactions related to the rip-off posts. A **non-affiliated third-party X account noticed in replies in the course of the incident was x.com/maxleebtc; this deal with just isn’t related to Prophex and has been reported to platform moderators. Prophex is within the strategy of submitting a proper case with the related authorities and can cooperate totally with any investigation.
What’s unchanged?
Launch: Prophex testnet stays on schedule.
Ticker readability: Prophex’s official token ticker is $PPX. Any references to different tickers are unaffiliated with Prophex, even some could attempt to launch with the identical. If I’m doubt and for affirmation, all the time confer with prophex.io.
About Prophex
Prophex is the primary perpetual prediction market, the place you may commerce outcomes with actual leverage as a substitute of constructing static bets.
Dynamic odds — Costs shift in actual time as merchants open lengthy/quick positions, similar to perps.
Leverage your conviction — Scale your judgment with as much as 10× leverage at launch.
Honest & liquid — A digital liquidity mannequin and insurance coverage fund hold markets secure and payouts coated.
Prompt decision — As quickly because the occasion resolves, successful positions are paid and dropping positions are liquidated.
No extra ready for swimming pools to fill. No extra mounted odds. With Prophex, you may enter, exit, or scale positions anytime—revenue early if the market swings your means, or maintain till decision for optimum payout.
Be prepared!
x.com/tryprophex
Disclaimer: The knowledge offered on this press launch just isn’t a solicitation for funding, neither is it meant as funding recommendation, monetary recommendation, or buying and selling recommendation. Investing entails danger, together with the potential lack of capital. It’s strongly beneficial you apply due diligence, together with session with knowledgeable monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities. Neither the media platform nor the writer shall be held accountable for any fraudulent actions, misrepresentations, or monetary losses arising from the content material of this press launch.
