UXLINK Confirms Major Security Breach, Freezes Assets as Token Tumbles
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UXLINK has confirmed a significant security incident involving its multi-signature wallet, leading to the unauthorized transfer of a substantial amount of cryptocurrency.
According to on-chain reports from Cyvers and Lookonchain, the attacker gained admin rights, transferred assets worth several million dollars, and minted a vast quantity of UXLINK tokens.
The project acknowledged the illicit minting and advised its community against DEX trading. Despite the token’s price falling over 70%, UXLINK reported that a majority of the hacker’s assets have been frozen by cooperating exchanges.
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