The UXLINK Hack: A Jarring Reminder of Vulnerability in the Crypto World
There’s this idea that the crypto world is unassailable. But a recent exploit with UXLINK, draining over $11 million, is hitting home just how fragile that can be. This post unpacks the details of what happened, the immediate shockwaves felt by investors, and the lessons we should be taking from it.
The UXLINK Hack: More Than Just a Crypto Banking for Startups Incident
The In-Depth Breakdown
Back on September 22, UXLINK experienced a catastrophic breach. Hackers leveraged a weak point in their multi-signature wallet, grabbing admin rights. CyversAlerts, a blockchain security firm, brought it to everyone’s attention, noting that it had picked up on illicit transactions that totaled $11.3 million. The hackers went to the trouble of using…
