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Loss exceeds 10 million USD, analysis of the UXLINK security incident vulnerability and tracking of stolen funds.
On September 23, UXLINK was attacked due to the leakage of the Multi-signature Wallet Private Key, with the attacker minting UXLINK Tokens and selling for a profit of over $11.3 million. The Beosin security team conducted vulnerability analysis and fund tracking for this attack incident and shared the results as follows:
# Event Review
The UXLINK project contract was compromised due to a Private Key leak, resulting in the attacker's address being added as a Multi-signature Wallet for the contract while removing the other existing multi-signature accounts. Additionally, the contract's signature threshold was reset to 1, allowing the attacker's address to execute contract operations with just their signature, giving the attacker complete control over the contract. Subsequently, the attacker began minting UXLINK Tokens and selling them for profit.
The attacker minted tokens 5 times, and three token receiving addresses 0xeff9cefdedb2a34b9e9e371bda0bf8db8b7eb9a7, 0x2ef43c1d0c88c071d242b6c2d0430e1751607b87, 0x78786a967ee948aea1ccd3150f973cf07d9864f3 exchanged UXLINK tokens for ETH and DAI through swapping, transferring, and cross-chain, storing them on the ETH chain address.
# Stolen Funds Tracking
The following is an analysis by the Beosin security team of the main flow of funds in this security incident:
# ARBITRUM Chain
Hacker address: 0x6385eb73fae34bf90ed4c3d4c8afbc957ff4121c
Stolen address: 0xCe82784d2E6C838c9b390A14a79B70d644F615EB
The stolen amount is approximately: 904,401 USDT
After stealing the funds, the hacker exchanged 904,401 USDT for 215.71 ETH and transferred the ETH to the Ethereum address 0x6385eb73fae34bf90ed4c3d4c8afbc957ff4121c through cross-chain.
# Ethereum Chain
Hacker Address: 0x6385eb73fae34bf90ed4c3d4c8afbc957ff4121c
Stolen addresses: 0x4457d81a97ab6074468da95f4c0c452924267da5, 0x8676d208484899f5448ad6e8b19792d21e5dc14f, 0x561f7ced7e85c597ad712db4d73e796a4f767654
Stolen funds approximately: 25.27 ETH, 5,564,402.99 USDT, 3.7 WBTC, 500,000 USDC
After stealing the funds, the hacker exchanged 5,564,402.99 USDT and 500,000 USDC for 6,068,370.29 DAI, and finally consolidated the funds to the address 0xac77b44a5f3acc54e3844a609fffd64f182ef931, which currently has a balance of: 240.99 ETH, 6,068,370.29 DAI, and 3.7 WBTC.
The main capital flows between Ethereum and Arbitrum are shown in the figure below:
According to Beosin Trace analysis, all stolen funds are still stored in multiple addresses of the attacker.
Beosin Trace has blacklisted all addresses related to the attacker and is continuously tracking them. Below is the current balance situation of the addresses related to the attacker: