UXLINK Suspected to Have Been Hacked, Loss Exceeds $11 Million

BlockBeats News, September 23rd, security firm Cyvers detected a $11.3 million suspicious transaction involving UXLINK.

An Ethereum address performed a delegateCall, removed administrator privileges, called 'addOwnerWithThreshold', then transferred $4 million worth of USDT, $500,000 worth of USDC, 3.7 WBTC, and 25 ETH.

All USDC/USDT was exchanged to DAI on the Ethereum network, while the USDT on the Arbitrum network was exchanged to ETH and cross-chain transferred to the Ethereum network. Minutes later, another address received 10 million UXLINK tokens (approximately $3 million) and started to exchange them. Currently, they still hold around $2.2 million worth of unredeemed UXLINK (the transaction is still in progress).