UXLink hack turns ironic as attacker gets phished mid-exploit

In a twist of fate, a hacker who previously exploited UXLINK has now fallen victim to a phishing attack, losing over $50 million worth of tokens. This incident, reported by Scam Sniffer, highlights the ongoing risks in the crypto space, even for those who think they are on the offensive. It serves as a reminder that the world of cryptocurrency is fraught with dangers, and even seasoned criminals can be caught off guard.

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.

Bitmine has made headlines by surpassing 2.4 million ETH tokens, which represents a significant 2% of the total ETH supply. This milestone not only highlights Bitmine's growing influence in the cryptocurrency market but also reflects the increasing interest and investment in Ethereum. As the demand for ETH continues to rise, Bitmine's substantial holdings could play a crucial role in shaping market trends and investor confidence.

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.

Rainbow, a non-custodial Ethereum wallet, has exciting news for its users as it plans to launch its native RNBW token in the fourth quarter of 2025. This new token will transform Rainbow's existing points program into an on-chain asset, enhancing user engagement and rewards for wallet activities. This development is significant as it not only incentivizes users but also positions Rainbow as a forward-thinking player in the cryptocurrency space.

In a surprising twist, emerging perpetual trading decentralized exchanges like Avantis and Aster have shown remarkable resilience, posting significant gains while established platforms falter. This shift indicates a capital rotation within the derivatives trading sector, with investors flocking to newer protocols despite an overall market downturn. Avantis' native token, AVNT, has surged by 66%, highlighting the growing interest in innovative trading solutions. This trend is crucial as it reflects the evolving landscape of decentralized finance (DeFi) and the potential for new players to reshape the market.

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.

After a tough week where Bonk's price fell for five straight days, reaching a low of $0.00001980, there's a glimmer of hope as whales are stepping in to buy 80 billion tokens. This surge in buying could signal a potential rebound for Bonk, which is the second-largest meme coin on the Solana network. The interest from large investors might help stabilize the price and restore confidence in the crypto market, making it an important development for both Bonk and the broader cryptocurrency community.

Solana investors are currently facing heightened volatility as a significant deposit of 312,233 SOL tokens into Coinbase raises alarms about potential selling pressure. This surge in whale activity suggests that major investors might be preparing to cash in on their profits, which could lead to further declines in market sentiment. After a strong rally above $250 earlier this month, the shift in dynamics is concerning for those holding SOL, as it indicates that the market may be bracing for tougher times ahead.

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.