UXLINK, a Web3 social platform and infrastructure provider, received a warning this morning from security firm Cyvers, which detected approximately $11.3 million in suspicious transactions involving UXLINK. An Ethereum address executed a delegateCall, removed the administrator role, and then called the "addOwnerWithThreshold" function to transfer 4 million USDT, 500,000 USDC, 3.7 WBTC, and 25 ETH. All USDC/USDT holdings have been transferred.

Now confirmed by the project, UXLINK tweeted about the multi-signature wallet attack, saying, "We have discovered a security vulnerability in our multi-signature wallet, which resulted in a large amount of cryptocurrency being illegally transferred to CEX and DEX. Our team is working around the clock with internal and external security experts to identify the root cause and contain the situation. We have contacted major CEX and DEX to urgently freeze suspicious UXLINK deposits and are working closely with them to prevent further movement of funds. The incident has been reported to the police and relevant authorities to expedite legal action and recovery efforts. We remain committed to transparency and will continue to provide timely updates to the community as new developments emerge."

When UXLINK was first listed on Upbit, it soared for several months and many Koreans took over. Now, many Korean brothers are cursing.

The above is the so-called official disclosure, euphemistically called a "suspected hacker attack." However, as we all know, there are many unscrupulous project owners in the cryptocurrency world who love to play the "embezzlement" trick. Many people suspect that it was done by the project owners themselves to give themselves a reasonable reason to sell the goods.

The most important thing is that the official posted the day before saying that "something big is coming", which is intriguing.