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The hacker who breached UXLINK exchanged the stolen ethers for $11 million., 2026/03/20 13:41:50
An unidentified individual who attacked the UXLINK project in September exchanged 5,496 stolen ethers for approximately $11.82 million in DAI stablecoins, according to cybersecurity firm PeckShieldAlert.
The average transaction price was $2,150 per ether, resulting in a profit of $935,000 for the perpetrator, analysts report. Additionally, the hacker still possesses 203 WBTC (wrapped bitcoins on the Ethereum blockchain) valued at $14.2 million, purchased on January 30 at a price of $83,225 each. Due to the asset’s price decline, the loss amounted to $2.68 million, as calculated by PeckShieldAlert.
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In September of last year, immediately following the successful breach, the hacker issued 2 billion UXLINK tokens. However, they soon lost over 500 million UXLINK due to a phishing attack by another party. The hacker managed to exchange some tokens for 6,732 ETH ($28.1 million).
Shortly after the breach, the UXLINK token’s value plummeted by more than 90% and has yet to recover. Currently, the token trades at around $0.0044, with a daily trading volume of just over $360,000. This represents a decline of nearly 99% from its all-time high of $3.75 per coin, recorded in December 2024.
In early March, an unknown attacker targeted the Bitcoin blockchain-based platform Solv Protocol, extracting $2.7 million in cryptocurrency from its storage, while user funds remained unaffected, the platform claimed. A few days prior, another hacker breached the crypto platform BC.Game, stealing approximately $4.377 million in USDC stablecoins. However, instead of immediately withdrawing the funds, they opted to trade, ultimately losing part of the stolen assets due to an unsuccessful transaction.
Earlier this year, the crypto project IoTeX experienced an exploit: the attacker gained access to the TokenSafe and MinterPool smart contracts due to a compromised private key, withdrawing over $8.8 million.
