en.bitcoinsistemi.com
According to breaking news, blockchain security platform Cyvers Alerts announced that it detected a total of $11.3 million in suspicious transactions linked to UXLINK.
According to the report, an Ethereum address removed its administrator role by executing a delegateCall operation, then calling the “addOwnerWithThreshold” function. This address then transferred approximately 4 million $USDT, 500,000 $USDC, 3.7 WBTC, and 25 $ETH. All $USDC and $USDT holdings were converted to DAI on the Ethereum network, while $USDT on Arbitrum was converted to $ETH and bridged to the Ethereum network.
A few minutes later, a different address reportedly received around 10 million UXLINK tokens (approximately $3 million) and began swapping, but $2.2 million in assets still remain unswapped.
Cyvers stated that the operations are still ongoing and warned the community to be careful.
*This is not investment advice.