UXLINK releases full recap of the security incident: External attack leads to the theft of over $11 million in assets.
Odaily Planet Daily reports that UXLINK CEO RollandSaf released a security incident review report, providing a comprehensive explanation of the asset theft that occurred on September 22nd and emphasizing that the incident was not caused by internal issues within the project team. According to the report, attackers, by impersonating business partners and utilizing deepfake video conferencing, compromised the personal devices of multiple SAFE authorized key holders over several months, stealing sensitive information such as passwords and private keys, and ultimately gaining control of the old version of the arb-UXLINK smart contract. The hackers subsequently illegally issued new tokens, transferred and sold assets, resulting in a total loss exceeding $11 million.
The incident occurred during Korea Blockchain Week, and several core members were present at the event. The team quickly reported the incident to exchanges, partner security agencies, and law enforcement agencies in multiple countries, confirming that the attack originated externally rather than internally. RollandSaf pointed out that the stolen assets were distributed across USDT, ETH, BTC, etc., and some of these assets have been recovered with the assistance of exchanges for buyback purposes.
The report explicitly denies speculation of a "runaway" scheme, stating that UXLINK has real revenue, business clients, and a global user base, and that the entire process was transparent and open. The team has completed contract rebuilding, restoring the affected 479 million circulating tokens on a 1:1 basis, and has unlocked 12% of the tokens ahead of schedule to compensate users on major exchanges based on governance votes. Currently, law enforcement agencies in multiple countries have intervened in the investigation, and the relevant addresses are under continuous monitoring. UXLINK stated that it will continue to strengthen its security system and promote the development of its AI growth and payment ecosystem, FujiPay, emphasizing that the project's long-term prospects are stable and it is still in a high-growth phase (Cointelegraph).
