UXLINK: Multi-signature wallet encounters security vulnerability, funds illegally transferred

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

The team has collaborated with internal and external security experts to investigate the cause and urgently contacted major exchanges to freeze suspicious funds. They have also reported the incident to the police and relevant authorities, and will continue to provide updates on the progress.