UXLINK was hacked and plummeted by 80% and investors lost all their money

UXLINK, a Web3 social platform and infrastructure provider, morning security company Cyvers issued an early warning that its system detected suspicious transactions involving UXLINK for about $11.3 million.An Ethereum address executes delegateCall, removes the administrator role, and calls the “addOwnerWithThreshold” function and transfers 4 million USDT, 500,000 USDC, 3.7 WBTC and 25 ETH.All USDC/USDTs have been transferred.

Now confirmed by the project party, UXLINK tweeted about the multi-signature wallet attack, “We have discovered that there are security vulnerabilities in our multi-signature wallet, resulting in the illegal transfer of a large number of cryptocurrencies to CEX and DEX. Our team is working 24/7 with internal and external security experts to identify the root cause and control the development. We have contacted major CEXs and DEXs to urgently freeze suspicious UXLINK deposits and are working closely with them to prevent further flow of funds. The incident has been reported to the police and relevant departments to speed up legal action and recovery efforts. We will continue to work on transparency and will continue to provide timely updates to the community when new progress occurs.”

When UXLINK went online to Upbit, it rose fiercely for several months. Many sticks took over. Now, it is obvious that many sticks are cursing.

The above is the so-called official disclosure, which is called “suspected hacker attack”, but as we all know, there are many project parties in the currency circle who love to do the trick of “guarding and stealing themselves”. Many people suspect that it was done by the project parties themselves and gave themselves a reason to ship them reason.

The most important thing is that the official posted the day before that “the big one is coming”, which is intriguing.

  • Related Posts

    Magic Eden: From NFT market to crypto entertainment

    Author: Ryan Yoon, Tiger Research analyst; Compiler: Shaw Bitcoin Vision Key takeaways Magic Eden transforms from a simple NFT market into a “crypto entertainment platform” by integrating game elements. Features…

    Coinbase ambition: an exchange that covers everything, a distribution layer that covers everything

    Author: Charlie Liu I originally didn’t plan to write another article before the end of the year, but there were so many highlights in Coinbase’s “System Update” conference yesterday. After…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Looking at the crypto industry from the first principles of money: great differentiation led by BTC

    • By jakiro
    • December 19, 2025
    • 38 views
    Looking at the crypto industry from the first principles of money: great differentiation led by BTC

    2025 Year in Review: The Current State and Trend of Ethereum

    • By jakiro
    • December 19, 2025
    • 30 views
    2025 Year in Review: The Current State and Trend of Ethereum

    Will the policy differences between the U.S. and Japanese central banks reshape global liquidity?

    • By jakiro
    • December 19, 2025
    • 34 views
    Will the policy differences between the U.S. and Japanese central banks reshape global liquidity?

    Faith Capital Market: The Essence and Core Value of Cryptocurrency

    • By jakiro
    • December 19, 2025
    • 29 views
    Faith Capital Market: The Essence and Core Value of Cryptocurrency

    The golden stage of the crypto field is coming to an end and is heading towards new financial innovation

    • By jakiro
    • December 19, 2025
    • 30 views
    The golden stage of the crypto field is coming to an end and is heading towards new financial innovation

    Magic Eden: From NFT market to crypto entertainment

    • By jakiro
    • December 19, 2025
    • 31 views
    Magic Eden: From NFT market to crypto entertainment
    Home
    News
    School
    Search