CertiK: DIMO Admin Wallet Experiences Suspicious Activity, 30 Million Tokens Sold for Approximately $40,000

BlockBeats News, November 7th, according to CertiK monitoring, the DIMO administrator wallet was used to upgrade the proxy and withdraw 30 million DIMO tokens, which were then sold for approximately $40,000. One hour later, the proxy was changed back to its original implementation, with ownership transferred to a multisig.

Public information shows that DIMO is a decentralized software and hardware Internet of Things (IoT) platform that allows users to create verified vehicle data streams to privately share with applications, enabling users to negotiate better services such as car financing and insurance.