UXLINK Confirms Multi-Signature Wallet Breach After $11.3M in Suspicious Transfers : $UXLINK Declines 50%
The post UXLINK Confirms Multi-Signature Wallet Breach After $11.3M in Suspicious Transfers : $UXLINK Declines 50% appeared on BitcoinEthereumNews.com.
Blockchain security platform Cyvers Alerts flagged a suspicious transaction involving UXLINK’s multi-signature wallet on September 22. 🚨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… pic.twitter.com/fkHwygOHkD — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 22, 2025 The alert reported that more than $11.3 million worth of assets had been moved under unusual conditions. According to the analysis, an Ethereum address executed a delegateCall, stripped the admin role, and initiated a new command: `addOwnerWithThreshold`. This was followed by transfers of: $4M in Tether (USDT) $500K in USD Coin (USDC) 3.7 Wrapped Bitcoin (WBTC), worth about $230K 25 Ether (ETH), valued at around $75K Funds Moved Across Chains On Ethereum, the attacker swapped all USDC and USDT into DAI. On Arbitrum, the stolen USDT was swapped into ETH and then bridged back to Ethereum. This tactic is consistent with previous on-chain laundering strategies that use decentralized exchanges to obscure transaction trails. Minutes later, another wallet received 10 million UXLINK tokens (~$3M). This address began selling but still retains ~$2.2M worth unswapped at press time, signaling the exploit remains partially active. As of writing, UXLINK (UXLINK) trades at $0.30, with a market cap of $92 million, according to CoinMarketCap. UXLINK Issues Official Response Shortly after the exploit, UXLINK confirmed the breach through an official statement. Urgent Security Notice We have identified a security breach involving our multi-signature wallet, resulting in a significant amount of cryptocurrency being illicitly transferred to both CEXs and DEXs. Our team is working around the clock with both internal and external security… — UXLINK (@UXLINKofficial) September 22, 2025 The team acknowledged that its multi-signature wallet had been compromised, leading to “a significant…
Filed under: News - @ September 23, 2025 7:19 am