UXLINK Releases Full Review of Security Incident Process, Over $11 Million in Assets Stolen Due to External Attack

Jinse Finance reported that UXLINK CEO Rolland Saf released a security incident review report, providing a comprehensive explanation of the asset theft incident and emphasizing that the event was not caused by internal factors within the project team. According to the report, the attacker posed as a business partner and used deepfake video conferences, among other methods, to compromise the personal devices of several SAFE 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. The incident occurred during Korea Blockchain Week, with several core members present at the event. The team promptly reported to exchanges, partner security agencies, and law enforcement authorities in multiple countries, confirming that the attack originated externally rather than internally.