Crypto hacker falls victim to own scam losing $50 million to Inferno Drainer’s phishing attack

In a bizarre twist of fate, hackers who successfully breached UXLink's multisignature wallet, stealing around $30 million and minting 10 trillion UXLINK tokens, fell victim to a phishing scam during their exploit. This incident highlights the ongoing vulnerabilities in the cryptocurrency space and serves as a reminder that even attackers can be caught off guard. It underscores the importance of cybersecurity measures for everyone involved in digital assets.

In a surprising turn of events, the UXLINK hack has taken a twist as the exploiter lost over 542 million illegally minted tokens to a phishing attack by the notorious Inferno Drainer group. This incident highlights the ongoing vulnerabilities in the cryptocurrency space, where even those attempting to exploit systems can fall victim to scams. It serves as a reminder of the importance of security measures in protecting digital assets.

A hacker has lost $48 million worth of UXLINK in a phishing attack, underscoring the ongoing risks that digital assets face from cyber threats. This incident serves as a stark reminder that even those involved in the crypto space can fall victim to scams, complicating the overall security landscape for cryptocurrencies. As phishing tactics evolve, it becomes increasingly crucial for all users, regardless of their expertise, to remain vigilant and adopt stronger security measures.

UXLINK's recent plunge of 77% following a multisig wallet breach underscores the urgent need for enhanced security measures in the cryptocurrency sector. This incident not only shakes investor confidence but also raises concerns about the overall stability of the market, making it a critical moment for crypto projects to reassess their security protocols.

UXLINK is facing a serious security breach as a hacker has exploited its multi-signature wallet, leading to unauthorized token minting and the draining of millions in assets. In response, UXLINK is planning a token swap to safeguard its ecosystem and restore trust among its users. This situation highlights the vulnerabilities in cryptocurrency security and the urgent need for robust protective measures.

UXLINK has reported a security breach involving its multi-signature wallet, leading to the relocation of stolen funds. This incident underscores the vulnerabilities present in such wallets, raising concerns about their security. As a result, there is likely to be increased regulatory scrutiny and a push for better collaboration in asset recovery efforts. This situation is significant as it highlights the ongoing challenges in the cryptocurrency space regarding security and trust.

UXLINK is facing a significant challenge after a hack that compromised $11.3 million from its wallet. The attackers gained admin rights and rerouted tokens across Ethereum and Arbitrum, prompting UXLINK to act quickly. They are collaborating with central exchanges to freeze the stolen funds and have turned to law enforcement for further action. This incident highlights the vulnerabilities in the Web3 space and the urgent need for enhanced security measures.

The REXShares Solana Staking ETF has seen a significant boost with a $27 million inflow, bringing its total assets under management to $306 million. This surge reflects the growing interest in cryptocurrency ETFs and staking, highlighting a positive trend in the market. As more investors look to diversify their portfolios with crypto assets, this ETF's growth is a promising sign for the future of digital finance.

Smart Digital Group has announced an exciting plan to create a diversified cryptocurrency asset pool, which could play a crucial role in stabilizing the markets. This initiative is expected to attract more traditional investors, potentially leading to significant growth in the overall cryptocurrency market. As institutional adoption increases, it may pave the way for a more robust and resilient financial ecosystem.

Bitcoin is currently facing challenges as it hovers around the $113,000 mark, with traders setting new price bottom targets amid fluctuating market conditions. The recent dovish remarks from Fed's Bowman regarding potential rate cuts have not provided much support for bullish traders, highlighting the ongoing uncertainty in the cryptocurrency market. This situation is significant as it reflects the broader economic influences on digital currencies and the cautious sentiment among investors.

Today's crypto news highlights the latest trends and events affecting Bitcoin prices and the broader cryptocurrency landscape, including blockchain developments, DeFi innovations, NFT updates, and regulatory changes. Staying informed is crucial for investors and enthusiasts alike, as these factors can significantly influence market dynamics.

Aster, a new decentralized exchange for on-chain perpetuals founded by former Binance CEO Changpeng Zhao, has achieved a significant milestone by surpassing Hyperliquid in daily trading volume. On September 23, Aster reported over $12 billion in contracts traded in just one day, marking a notable success for the platform. This achievement not only highlights Aster's growing influence in the decentralized finance space but also reflects the increasing interest in on-chain trading solutions.

BlackRock is making waves in the financial world, raking in an impressive $260 million annually from its Bitcoin and Ether ETFs. This significant revenue not only highlights the growing interest in cryptocurrency investments but also positions BlackRock as a leader in the traditional finance sector's adoption of digital assets. As more investors look to diversify their portfolios with cryptocurrencies, BlackRock's success could set a new benchmark for the industry.