Hacker transfers $70M out of payment platform UPCX

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

Update April 1, 1:42 pm UTC: This article has been updated to add comments from Cyvers co-founder and chief technology officer Meir Dolev.

An unauthorized party withdrew about $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 $70 million.

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