Summary
- On-chain data analytics firm Arkham said the UXLINK hacker traded for six months with stolen funds but failed to generate any profit.
- The hacker allegedly breached UXLINK’s system in September, illicitly minted and sold UXLINK tokens for a large gain, then used the stolen proceeds to buy about $5.38 million worth of Bitcoin (BTC), Ether (ETH) and other assets.
- In the wake of the hack, UXLINK suffered losses including a sharp drop in token price and delistings from South Korean exchanges.
Forecast Trend Report by Period
A hacker who inflicted major damage on UXLINK, a Web3 social-networking (SNS) project, has been found to have continued trading with the stolen funds over the past six months. However, the hacker reportedly failed to generate any meaningful returns.
On the 20th (Korea time), Cointelegraph, citing on-chain data analytics firm Arkham, reported that the UXLINK hacker kept trading for the past six months using the stolen funds but has not made any profit at all.
The hacker breached UXLINK’s system in September, illicitly minted UXLINK tokens and sold them on the market for a substantial gain. He then used the proceeds to buy about $5.38 million worth of Bitcoin (BTC), Ether (ETH) and other assets.
In the aftermath of the hack, UXLINK suffered damage including a sharp drop in its token price and delisting from South Korean exchanges.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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