TechFlow, December 9 — According to an official disclosure by UXLINK, the project has released a comprehensive report on the security incident that occurred on September 22. The report reveals that hackers gained access through compromising personal devices and Telegram accounts of team members, stealing over $11 million in assets, including treasury funds, ecosystem funds, and personal holdings of team members.
The report indicates that the attackers used techniques associated with North Korean hacking groups, infiltrating systems by impersonating trusted business partners and employing deepfake technology for fraudulent video conferences. The hackers also fraudulently minted several trillion arb-UXLINK tokens, inflating the total supply to 10,006,000,000,000,000 tokens.
UXLINK CEO RollandSaf emphasized this was not an official "rug pull," stating the project is one of the few Web3 companies with genuine revenue. The team has filed reports with authorities across multiple jurisdictions, including Singapore, Asia, Europe, and the United States, and has recovered millions of dollars through cooperation with exchanges, which were used for token buybacks.
UXLINK has now completed its token migration, transferring 479 million tokens (47.9% of total supply) on a 1:1 basis to a new ERC-20 contract.
