🚨UPDATE🚨Short summary of what happened to @UXLINKofficial 👇
Our system flagged the incident early. Hours later, the attacker minted ~10T $UXLINK tokens, causing extreme inflation , then ironically lost ~542M $UXLINK (~$48M) in a phishing scam.
$UXLINK ’s official update confirms an ongoing investigation with security firms and efforts to trace stolen funds. Exchanges are freezing flagged funds, and users are warned not to trade on DEXs due to circulating unauthorized tokens.
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🚨ALERT🚨Our system has detected $11.3M in suspicious transactions involving @UXLINKofficial
An ETH address executed a delegateCall, removed the admin role, and called "addOwnerWithThreshold" before transferring $4M $USDT, $500K $USDC, 3.7 $WBTC, and 25 $ETH.
All USDC/USDT were swapped to $DAI on $ETH network, while on Arbitrum $USDT was swapped to $ETH and bridged to $ETH network.
Another address after few min received 10M $UXLINK (~$3M), began swapping, but still holds ~$2.2M unswapped (still ongoing).
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