Cyvers Alerts identifies unauthorized transactions from UPCX and is estimated to be $ 70m
Alisa Davidson
Post: April 1, 2025 10:51 AM Update: April 1, 2025 10:51 am
Edit and fact confirmation: April 1, 2025 at 10:51 am
simply
Cyvers Alerts urges UPCX to stop deposits and withdrawal by confirming the potential violation of security infringement of $ 70 million, while user assets are safe and continues to investigate.
Real -time security monitoring platform CYVERS ALERTS allows you to violate security by checking unauthorized transactions in the distributed payment network UPCX.
According to Cyvers Alerts, unknown entities appear to have obtained control of 0x4c and can modify the ‘Proxyadmin’ contract. This modification allowed you to run the ‘EmplyByadmin’ function, which has delivered about $ 70 million UPC tokens from three individual management accounts.
Currently, transfer funds are 0xFF7 It remains in .334, and there is no sign of transition or movement to another wallet, indicating that the asset has not yet changed or distracted.
Meanwhile, the UPCX team recognized a security incident and confirmed the detection of unauthorized activities within the management account.
Depending on the situation, the platform has implemented preventive measures to protect the operation. As part of this effort, UPCX’s deposits and withdrawal were temporarily suspended. But the team guaranteed the user so that the assets were safe and not affected. There is an active investigation to determine the cause and scope of unauthorized activities, and you will be able to get more information.
The UPCX also expressed appreciation for the user’s patience and cooperation during this period.
What is UPCX and UPC tokens?
UPCX is designed to simplify blockchain -based payment and user -friendly and user -friendly. This platform aims to improve payment experience by solving major blockchain problems, including high transaction fees, slow payment time, and useful problems.
To achieve high -speed processing, UPCX uses a hybrid consensus mechanism that integrates the delegated steak (DPO) with the Byzantine defect tolerance (BFT). Through this combination, the network can handle up to 100,000 transactions per second to ensure nearly block confirmation to place equivalent performance as existing credit card networks.
The basic cryptocurrency UPC of the platform plays a central role in the ecosystem. It facilitates transaction processing, contributes to network security, and supports several payment methods, including NFC -based transactions, QR code payments and reserved transmissions.
At the time of writing, UPC is traded at about $ 3.85, reflecting a 5.39% decrease in the last day. According to CoinmarketCap data, the token has experienced a sharp drop in $ 4 in the previous price, with a market cap of about $ 333 million.
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About the author
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
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Alisa Davidson
Alisa, a dedicated reporter for MPOST, specializes in the vast areas of Cryptocurrency, Zero-ehnowedge Proofs, Investments and Web3. She provides a comprehensive coverage that captures a new trend and a keen eye on technology, providing and involving readers in a digital financial environment that constantly evolves.
More