Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Cyvers Alerts: Suspicious transactions detected on UXLINK involving approximately $11.3 million
2025-09-22 16:47

Odaily Planet Daily reports that Cyvers Alerts published a post on the X platform stating that it had detected suspicious transactions on UXLINK, involving approximately $11.3 million. An ETH address executed a delegateCall, removed the administrator role, and called "addOwnerWithThreshold," transferring 4 million USDT, 500,000 USDC, 3.7 WBTC, and 25 ETH. All USDC/USDT was swapped for DAI on the $ETH network, while USDT was converted to ETH on Arbitrum and bridged to the Ethereum network.

Another address received 10 million UXLINK (about $3 million) a few minutes later and currently holds about $2.2 million unredeemed (still in progress).