UXLINK is suspected of being attacked, with losses exceeding $11 million

Cyvers, a security company, detected a suspicious transaction involving UXLINK worth $11.3 million.

An Ethereum address executed a delegateCall, removed administrator permissions, and called "addOwnerWithThreshold", then transferred 4 million USDT, 500,000 USDC, 3.7 WBTC, and 25 ETH.

All USDC/USDT were exchanged for DAI on the Ethereum network, while USDT on the Arbitrum network was exchanged for ETH and cross-chain transferred to the Ethereum network. A few minutes later, another address received 10 million UXLINK tokens (approximately $3 million) and began exchanging them, currently still holding approximately $2.2 million yet to be exchanged (transaction still in progress).