UXLINK Confirms Multi-Signature Wallet Breach After $11.3M in Suspicious Transfers : $UXLINK Declines 50%

Blockchain security platform Cyvers Alerts flagged a suspicious transaction involving UXLINK’s multi-signature wallet on September ￰0￱ 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… ￰1￱ — Cyvers Alerts (@CyversAlerts) September 22, 2025 The alert reported that more than $11.3 million worth of assets had been moved under unusual ￰2￱ 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 ￰3￱ Arbitrum, the stolen USDT was swapped into ETH and then bridged back to ￰4￱ tactic is consistent with previous on-chain laundering strategies that use decentralized exchanges to obscure transaction ￰5￱ 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 ￰6￱ of writing, UXLINK (UXLINK) trades at $0.30, with a market cap of $92 million, according to ￰7￱ Issues Official Response Shortly after the exploit, UXLINK confirmed the breach through an official ￰8￱ 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 ￰9￱ 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 amount of cryptocurrency being illicitly transferred to both centralized and decentralized exchanges.” The platform said its security and engineering teams are “working around the clock with both internal and external experts” to identify the root cause and limit the attacker’s ￰10￱ With Exchanges and Authorities UXLINK reported that it has reached out to major CEXs and DEXs to freeze suspicious deposits linked to the stolen ￰11￱ company is coordinating with law enforcement agencies and regulators to accelerate legal recovery efforts.

“The incident has been reported to the police and relevant authorities,” the team said. “We remain fully committed to transparency and will continue providing timely updates to the community as new developments arise.” Market Impact and Community Reaction The UXLINK community has voiced concerns on X, with several users calling for immediate compensation ￰12￱ warned that the breach could impact trust in the project’s security framework, especially as multi-signature wallets are widely used to protect protocol ￰13￱ UXLINK tokens faced selling pressure, broader market activity has not shown signs of ￰14￱ project continues to update its users in real time, urging caution against rumors until investigations ￰15￱ Risks Remain High This incident underscores ongoing vulnerabilities in Web3 ￰16￱ exploits and privilege escalations have been common attack vectors against multi-sig wallets, often allowing attackers to bypass traditional ￰17￱ say the scale of the UXLINK exploit highlights the need for stronger real-time monitoring and rapid freeze protocols between projects and exchanges.

What’s Next for UXLINK The immediate priority remains fund recovery and ensuring that further assets cannot be ￰18￱ $11.3M already at risk and $2.2M UXLINK still unswapped, efforts now depend on exchange cooperation and law enforcement ￰19￱ the community, transparency will be ￰20￱ has promised regular updates, but the incident may reshape how investors view the security of project-managed multi-sig ￰21￱ data shows the UXLINK token experienced a sharp decline of 50% in few minutes, declining from a high of $0.3 to a current trading price of $0.16. Disclosure: This is not trading or investment ￰22￱ do your research before buying any cryptocurrency or investing in any ￰23￱ us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !