News

Jinse Finance reported that UXLINK CEO Rolland Saf released a security incident review report, providing a comprehensive explanation of the asset theft incident and emphasizing that the event was not caused by internal factors within the project team. According to the report, the attacker posed as a business partner and used deepfake video conferences, among other methods, to compromise the personal devices of several SAFE key holders over several months, stealing passwords, private keys, and other sensitive information, and ultimately gaining control of the old arb-UXLINK smart contract. The hacker then illegally minted additional tokens, transferred and sold assets, resulting in total losses exceeding $11 million. The incident occurred during Korea Blockchain Week, with several core members present at the event. The team promptly reported to exchanges, partner security agencies, and law enforcement authorities in multiple countries, confirming that the attack originated externally rather than internally.

Jinse Finance reported that glassnode released its weekly market commentary, stating that although bitcoin rebounded to around $94,000, the market remains unconvinced. Market momentum has improved and trading volume has increased, but spot CVD (Cumulative Volume Delta, a key metric for measuring the net difference between buyers' and sellers' trading volumes) and open interest have both declined, indicating intensified potential selling pressure. Meanwhile, options trading shows a demand for hedging downside risks, and ETF outflows suggest weak market demand. Overall, bitcoin is showing early signs of recovery momentum, but market sentiment and positions remain cautious, indicating that the market is still rebuilding confidence after recent volatility.