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Summary of the UXLINK Exploit & Post-Attack Fund Laundering
Incident Overview (Sept 22–23, 2025) A vulnerability in UXLINK’s multisignature administration allowed an attacker to gain unauthorized control and trigger protected mint functions. Large volumes of UXLINK tokens were rapidly minted, swapped on-chain, and moved across multiple wallets. Public estimates place the total value involved between $11–41M, depending on methodology and recovery assumptions.
Attacker Cash-Out Activity
On-chain swaps: Minted tokens were converted into ETH and stablecoins via DEX liquidity pools.
Fund splitting: Assets were dispersed across multiple wallets, bridged across chains, and partially frozen upon reaching custodial exchanges.
Secondary compromise: The attacker’s own wallets were later targeted by drainer tools, resulting in additional losses.
Use of NyxSwap in Laundering Flow Analysts traced portions of extracted assets — including USDT, USDC, WBTC, and ETH — through routes involving NyxSwap.io. Some funds were exchanged into privacy coins such as XMR and ZEC, leveraging NyxSwap’s no-KYC, minimal-logging model and multi-chain routing (e.g., Ethereum → BSC → Polygon → Monero). These patterns align with common fragmentation and anonymization tactics used in post-exploit laundering.
Financial Crime Risk Factors NyxSwap’s permissionless, identity-free design supports user privacy but simultaneously enables obfuscation of illicit flows. This highlights structural financial-crime vulnerabilities inherent to decentralized, unsupervised swap routers.
Notice This assessment is based on open-source blockchain intelligence as of September 2025. It does not allege wrongdoing by NyxSwap or its developers; it outlines systemic risks within privacy-focused DeFi infrastructure. Users and compliance professionals should conduct independent due diligence.
Naver Financial to Acquire Upbit Operator Dunamu, Plans Won-Backed Stablecoin
Naver Financial, the fintech subsidiary of South Korean tech giant Naver, is set to acquire Dunamu, the operator of the country’s largest cryptocurrency exchange, Upbit.
The transaction will be executed through a share swap, with board approvals anticipated in the near term. Often referred to as the “Google of South Korea,” Naver already holds a dominant position in search and digital payments. The acquisition is expected to strengthen its presence in the financial technology sector and support plans to introduce a won-backed stablecoin.
Bitcoin slipped below the $110,000 mark in the past 24 hours as caution weighed on the broader crypto market for a second straight day.
As of 12:40 a.m. EST, BTC was trading at $109,817, down slightly on the day. Meanwhile, the Crypto Fear and Greed Index rose from 28 to 33, signaling a modest improvement in sentiment but still reflecting investor unease.
Today, ETH is pushing higher even as BTC remains stuck in its sideways range. This could easily be explained by ETH finally capturing the spotlight with growing ETF interest.
Key indicators confirm there’s plenty of fuel left for the climb:
1. RSI: RSI is sharply trending upwards but still hasn’t entered overbought territory. This means there’s room for further gains in the short term, though it's wise to watch out for any near-term cooldown.
2. MACD: MACD has confidently crossed upward and continues to rise, signaling the start of a fresh bullish trend. This is a strong bullish indication for the mid-term.
3. MVRV-Z score: Historically, ETH peaks see MVRV-Z scores in the 4–6 range. Right now, we're only at 1.17, meaning we’ve got plenty of runway left.
All signs point to ETH breaking above $5,000. Just keep your eyes open, it's coming!
Bill Gates is moving forward with plans to give away $200 billion over the next 20 years, and the billionaire now says the "majority" of that money will go toward improving public health and education services in Africa.
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✈️ Travala Integrates with #Solana💰 to Enhance Travel Bookings.
Announced its integration with Solana, the fourth-largest blockchain by market cap, marking its third network addition after #Ethereum and #BNB Chain. CEO Juan Otero revealed this development during a panel at Solana Breakpoint in Singapore.
Top Cryptocurrencies to Buy Now September 2 – Cardano, Render, Polkadot
The cryptocurrency market is currently exhibiting uncertain price movements, reflecting mixed sentiment among investors. Notably, Bitcoin has struggled to maintain its value above the $60,000 mark, with other tokens mirroring this decline. However, some altcoins have demonstrated resilience by surpassing their resistance levels, indicating strength in the current market environment.
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Today's top gainers in the cryptocurrency market are Kaspa, Rollbit token, Arweave, and WEMIX. These digital assets have demonstrated significant price increases over the past 24 hours.
In other news, Bitcoin's weekend trading volume has reached a record low of 16% this year, marking a notable decline from the 28% observed in 2019. This decrease can be attributed to the growing popularity of Bitcoin exchange-traded funds (ETFs). Approved by the Securities and Exchange Commission (SEC) in early 2024, these ETFs have contributed to Bitcoin reaching a record high of $73,798 in March of that year.
Unlike traditional cryptocurrency exchanges, Bitcoin ETFs operate within the framework of the stock market, providing investors with an alternative and potentially more regulated means of participating in the cryptocurrency market.