UXLINK releases a full review of the security incident process; over $11 million in assets were stolen due to an external attack.

ME News: On December 9 (UTC+8), UXLINK CEO Rolland Saf released a security incident review report, providing a comprehensive explanation of the asset theft incident and emphasizing that it was not caused by internal project team members. According to the report, the attacker posed as a business partner and used deepfake video conferences, among other tactics, to compromise the personal devices of several SAFE authorization key holders over several months, stealing passwords, private keys, and other sensitive information, and ultimately gaining control of the old arb-UXLINK smart contract. The hacker then illegally minted additional tokens, transferred, and sold assets, resulting in total losses exceeding $11 million.

At the time of the incident, it was during Korea Blockchain Week, and several core team members were on site. The team promptly reported the incident to exchanges, partner security organizations, and law enforcement agencies in multiple countries, confirming that the attack came from external, not internal, sources. Rolland Saf noted that the stolen assets were distributed among USDT, ETH, BTC, and others, and that some assets had already been recovered with the assistance of exchanges for buyback purposes.

The report explicitly denied any “rug pull” speculation, stating that UXLINK has real revenue, business clients, and a global user base, and that the entire incident was handled transparently and openly. The team has completed contract reconstruction, restored 479 million affected circulating tokens on a 1:1 basis, and, according to governance voting, unlocked 12% of tokens in advance to compensate users on major exchanges. Currently, law enforcement agencies in multiple countries are investigating, and relevant addresses are being continuously monitored.

UXLINK stated that it will continue to strengthen its security systems and advance the development of businesses such as AI growth and the FujiPay payment ecosystem, emphasizing that the project’s long-term outlook is stable and still in a period of rapid growth. (Source: ME)