UXLINK Social Engineering: $11.00M Reported Loss

Incident Overview

Investigation showed that the attacker had prepared for months prior to the incident, impersonating a business partner and leveraging deepfake video conferencing as part of a social engineering scheme. Through these methods, the attacker gained access to the personal devices of several SAFE key holders and obtained sensitive information such as passwords and private keys. After gaining control over the legacy arb-UXLINK smart contract, the attacker executed unauthorized token minting and subsequently transferred and sold the assets. UXLINK CEO Rolland Saf stated that several million dollars have been recovered through immediate collaboration with exchanges, and all recovered funds have been allocated to buybacks in support of the community. In addition, significant security enhancements have been made to signing devices, internal processes, and infrastructure to prevent similar incidents from occurring in the future.

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