Security alert! UPCX, an open-source payment platform, faced a breach as an unauthorized party withdrew around $70 million in digital assets. Blockchain security firm Cyvers identified the suspicious activity, involving 18.4 million UPC tokens. The attacker accessed a UPCX address, upgraded its ProxyAdmin contract, and executed a withdrawal function, affecting three management accounts.

In response, UPCX suspended deposits and withdrawals, assuring users their assets remain safe. The incident caused UPC's token price to dip by 7%. UPCX is actively investigating the breach. Stay tuned for updates!