Considering this, Xian mocked the irony of the situation, noting that the hacker fell for basic authorization traps similar to those he had deployed against UXLINK.
The original UXLINK breach occurred on Sept. 22, when the AI-powered Web3 social platform was compromised.
Hours later, a second address received 10 million UXLINK tokens, worth about $3 million, and began offloading them through decentralized exchanges.
The team stated that it was working with exchanges to freeze stolen assets. It also added that it has enlisted the help of blockchain security firm PeckShield, and urged trading platforms to suspend UXLINK trading pairs temporarily.
It added:
“We will promptly initiate a token swap plan to ensure the integrity of our token economy. Further details and instructions for the token swap will be announced shortly.”
