Hacker transfers $70M out of payment platform UPCX

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Name

Hacker transfers $70M out of payment platform UPCX

Description

Open-source platform UPCX lost $70 million worth of tokens due to unauthorized access. The team suspended operations while they investigated the breach.

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Article

Authors

Ezra Reguerra

Publish date

12:00am, Tuesday, April 1, 2025

Publisher

Cointelegraph

Related projects

UPCX
Cyvers Alerts

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The blockchain security firm Cyvers flagged suspicious activity involving 18.4 million UPC tokens, estimating the value of the compromised funds at $70 million.

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UPCX suffered a $70M exploit

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Cyvers said someone accessed a UPCX address and upgraded its ProxyAdmin contract. The attacker then executed a function that allows admins to withdraw, leading to fund transfers from three different management accounts.

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