As per BitcoinWorld, the UXLINK hack in September 2025, which resulted in a $11 million loss, was caused by a deepfake-enabled social engineering attack, not a rug pull. The hacker impersonated a business partner using deepfake video to gain access to a team member's Telegram account and personal device. With this access, they exploited a smart contract to mint billions of tokens and access treasury funds. UXLINK responded by rebuilding the contract, restoring tokens, and compensating users through a governance vote. The incident highlights the growing threat of deepfake technology in Web3 and the need for enhanced human-layer security.
UXLINK Hack Caused by Deepfake-Enabled Social Engineering, Not Rug Pull
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