UXLINK releases a full recap of the security incident, revealing that an external attack resulted in the theft of over $11 million in assets.
AI Summary2 min read
TL;DR
UXLINK CEO Rolland Saf released a security report confirming an external attack using deepfake impersonation led to over $11 million in asset theft. The team has rebuilt contracts, compensated users, and is cooperating with global law enforcement, denying internal involvement and emphasizing project stability.
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Social TokenUXLINKsecurity incidentasset theftdeepfake attackblockchain security
According to Mars Finance, UXLINK CEO Rolland Saf released a security incident review report, providing a comprehensive explanation of the asset theft and emphasizing that the incident was not caused by internal factors within the project team. The report states that attackers, by impersonating business partners and using deepfake video conferencing, breached 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 then 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. The team quickly reported the incident to exchanges, partner security agencies, and law enforcement agencies in multiple countries, confirming that the attack originated externally, not internally. Rolland Saf pointed out that the stolen assets were distributed across USDT, ETH, BTC, etc., with some assets recovered with the assistance of exchanges for buybacks. 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 incident was conducted in a transparent and open manner. The team has completed the contract rebuild, restoring the affected 479 million circulating tokens on a 1:1 basis, and unlocked 12% of the tokens ahead of schedule based on governance voting to compensate users of major exchanges. 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.