Gate News bot message, according to a report released by the encryption security platform Immunefi, the cryptocurrency industry suffered losses exceeding 92.4 million USD due to hacker attacks in April 2025. Data shows that from the beginning of 2025 to now, the cumulative loss in the cryptocurrency industry has reached 1.742 billion USD, surpassing the total losses for the entire year of 2024. The report pointed out that the largest-scale attack incident in April occurred in the UPCX project, resulting in a loss of $70 million, followed by the KiloEx platform which suffered a loss of $7.5 million. All these attacks were concentrated on DeFi projects, with Ethereum and BNB Chain being the main victim chains. Source: Cryptonews

UPCX has detected unauthorized activity and suspended deposit and withdrawal functions. A warning has identified suspicious transactions involving approximately 18.4 million UPC being transferred. User asset security has not been affected.

According to the Gate.io News bot, the Cyvers Alerts monitoring system reported a security incident on the Upcxofficial platform. An Address starting with 0x4C gained system access and transferred 18.4 million UPC Tokens, worth approximately 70 million USD, from three management accounts by upgrading the "ProxyAdmin" contract and executing the "withdrawByAdmin" function. The transferred funds are currently held in an address starting with 0xFf7, and no exchange transactions have taken place. The Upcxofficial team has responded to the incident, confirming the detection of unauthorized activity. Source: Wu Says

The Upcx management account has experienced unauthorized activity, leading to an emergency suspension of UPC deposit and withdrawal operations. Assets have not been affected. The attacker transferred 18.4 million UPC through contract upgrades, valued at approximately 70 million USD. Funds are temporarily held, and the incident is still under investigation.

ChainCatcher news, UPCX officials stated that recently someone impersonated the official name to announce a plan to recruit community ambassadors in the Chinese community, and induced users to purchase Tokens and transfer them to the designated WalletAddress for stake, and then conducted an Airdrop in the form of so-called Meme coins. UPCX official solemnly reminds all users: please be vigilant and guard against fraudulent tokens on other chains, and do not easily believe any unverified information. UPCX official will not release any information unrelated to UPCX in any name or form.