UXLINK: Multisig wallet suffers security vulnerability, funds illegally transferred

According to ChainCatcher, the official team of the Web3 social platform UXLINK has disclosed that a security vulnerability occurred in its multi-signature wallet, resulting in a large amount of cryptocurrency being illegally transferred to centralized and decentralized exchanges.

The team has joined forces with internal and external security experts to investigate the cause, and has urgently contacted major exchanges to freeze suspicious funds. At the same time, they have reported the incident to the police and relevant authorities, and will continue to provide updates on the progress.