According to ChainCatcher, UXLINK CEO Rolland Saf released a comprehensive report on a recent security breach that led to significant asset theft, clarifying that the incident was not caused by internal factors. The attackers impersonated business partners and used deepfake video conferencing techniques over several months to compromise the personal devices of multiple SAFE key holders, stealing passwords, private keys, and ultimately gaining control of the old arb-UXLINK smart contract. The hackers illegally minted tokens, transferred, and sold assets, resulting in losses exceeding $11 million.
The incident coincided with Korea Blockchain Week, with several core team members present at the event. The team promptly reported the breach to exchanges, security partners, and international law enforcement agencies, confirming the attack originated externally. Rolland Saf highlighted that the stolen assets included USDT, ETH, and BTC, with some recovered through exchange assistance for buyback purposes. The report refuted any 'exit scam' allegations, emphasizing UXLINK's genuine revenue, commercial clients, and global user base, maintaining transparency throughout the incident.
The team has rebuilt the contract and restored 479 million affected circulating tokens on a 1:1 basis, unlocking 12% of tokens early for exchange user compensation following governance voting. Multiple international law enforcement agencies are now investigating, and related addresses are under continuous monitoring. UXLINK plans to enhance its security systems and advance AI growth, payment ecosystem FujiPay, and other business developments, asserting the project's long-term stability and ongoing rapid growth.
