🌈💛 #UXLINKWalletBreach
BRAKING 🚨 UXLINK's wallet breach has sent shockwaves through the crypto community.
The Breach UXLINK suffered a significant security breach, resulting in the unauthorized transfer of $11.3 million worth of crypto assets from its multi-signature wallet. @CZ
The attacker exploited a vulnerability, replacing the admin role with a delegateCall and adding a new multisig owner using the addOwnerWithThreshold function. #Write2Earn
1. Stolen Assets #Wallet
The stolen assets include $4 million USDT, $500,000 USDC, 3.7 WBTC, and 25 ETH.
Hackers also received 10 million UXLINK tokens worth $3 million and proceeded to sell some of these assets. #DogecoinETFProgress
2. Response and Impact
UXLINK's team has acknowledged the breach and is working with internal and external security experts to investigate.
They've reached out to major exchanges to freeze suspicious deposits and reported the incident to authorities.
The breach has led to a significant drop in UXLINK's token price, with a 67.4% decline, trading at $0.1103.
3. Market Reaction
The token's market cap lost over $70 million following the hack.
Trading volume spiked, with reports indicating a 1700%+ increase in transaction volume.
4. Next Steps
UXLINK promises full transparency and will continue updating the community.
Traders are advised to remain vigilant and monitor official updates. 🌈💛
