Hacker transfers $70M out of payment platform UPCX

An unauthorized party withdrew approximately $70 million in digital assets from open-source payment platform UPCX, according to a security alert issued on April 1. The blockchain security firm Cyvers flagged suspicious activity involving 18. 4 million UPC tokens, estimating the value of the compromised funds at around $70 million. Cyvers said someone accessed a UPCX address and upgraded its ProxyAdmin contract source: https://cointelegraph.com/news/unauthorized-entity-transfers-70-m-out-of-payment-platform-upcx?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound