Hacker of UXLINK Falls Victim to a Cyber Attack

UXLINK's multisig wallet was hacked, causing $11.3M in losses.

The multisig wallet of the UXLINK project was hacked. According to Cyvers, the initial damage amounted to $11.3 million.

🚨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 perpetrator gained control over the wallet by altering access rights. Subsequently, they withdrew assets worth $11.3 million: $4 million in USDT, $500,000 in USDC, 3.7 WBTC, and 25 ETH.

Part of the stolen stablecoins on the Ethereum network was exchanged for DAI by the hacker. In Arbitrum, they converted USDT to ETH and transferred them to the main blockchain. Another address received 10 million UXLINK, valued at about $3 million, from the hacker.

The platform team confirmed the incident. Representatives stated they are working with security experts to determine the cause of the breach.

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

UXLINK has reached out to CEXs and decentralized exchanges to freeze suspicious deposits and reported the incident to the police.

A Taste of His Own Medicine

Later, analysts at Lookonchain discovered that the hacker himself fell victim to a phishing attack, losing 542 million UXLINK worth $48 million.

UXLINK was hacked!

The hacker received 490M $UXLINK and also minted 2B $UXLINK.

The hacker has sold a massive $UXLINK on DEXes through six wallets, obtaining 6,732 $ETH ($28.1M).

He also sold a large amount of $UXLINK on CEXes.

Address:… pic.twitter.com/i2XFO7u4ZU

— Lookonchain (@lookonchain) September 23, 2025

Earlier in September, attackers stole 192,600 SOL worth $41 million from the Swiss crypto platform SwissBorg and hacked the DeFi platform Nemo for $2.4 million.

Subsequently, a hacker withdrew approximately $2.3 million in ETH and SHIB from the Shibarium bridge, which connects the L2 network with Ethereum.