The post Hacker moves stolen funds, sells $6.8m ETH appeared on BitcoinEthereumNews.com. The attacker responsible for the UXLINK hack is still shuffling their loot, recently dumping millions in assets in a bid to convert the proceeds of the hack. Summary The UXLINK hack continues to unfold as attacker offloads about $6.8 million worth of ETH.  In a twist, the attacker recently lost a hefty portion of the stolen tokens to a phishing attack while moving assets. UXLINK has finalized a new smart contract audit and is preparing for a token migration The UXLINK hack has entered a new chapter as the attacker continues to shuffle funds stolen from the protocol. Per data from on-chain trackers, the malicious actor converted roughly 1,620 ETH into DAI stablecoins in the early hours of today, valued at approximately $6.8 million at the time of the transaction. Occurring nearly 48 hours after the exploit, this transaction marks the first major effort by the attacker to cash out the stolen assets. The hacker had already engaged in extensive fund shuffling, moving assets across multiple wallets and using both centralized and decentralized exchanges to complicate the trail and attempt laundering. In an interesting twist, the attacker has already lost a significant portion of the stolen funds to a phishing attack. Security researchers found that they had unknowingly granted approval to a malicious contract controlled by the Inferno Drainer group, allowing 542 million UXLINK tokens, worth roughly $43 million at the time, to be drained from their wallet. The recently converted ETH represents only a portion of the stolen funds, with the attacker still estimated to be holding millions in assorted assets. How the UXLINK hack Happened The UXLINK hack began on September 22 and continued for several hours into the following day. The core of the attack involved an exploit of the project’s multi-signature wallet through a delegate call… The post Hacker moves stolen funds, sells $6.8m ETH appeared on BitcoinEthereumNews.com. The attacker responsible for the UXLINK hack is still shuffling their loot, recently dumping millions in assets in a bid to convert the proceeds of the hack. Summary The UXLINK hack continues to unfold as attacker offloads about $6.8 million worth of ETH.  In a twist, the attacker recently lost a hefty portion of the stolen tokens to a phishing attack while moving assets. UXLINK has finalized a new smart contract audit and is preparing for a token migration The UXLINK hack has entered a new chapter as the attacker continues to shuffle funds stolen from the protocol. Per data from on-chain trackers, the malicious actor converted roughly 1,620 ETH into DAI stablecoins in the early hours of today, valued at approximately $6.8 million at the time of the transaction. Occurring nearly 48 hours after the exploit, this transaction marks the first major effort by the attacker to cash out the stolen assets. The hacker had already engaged in extensive fund shuffling, moving assets across multiple wallets and using both centralized and decentralized exchanges to complicate the trail and attempt laundering. In an interesting twist, the attacker has already lost a significant portion of the stolen funds to a phishing attack. Security researchers found that they had unknowingly granted approval to a malicious contract controlled by the Inferno Drainer group, allowing 542 million UXLINK tokens, worth roughly $43 million at the time, to be drained from their wallet. The recently converted ETH represents only a portion of the stolen funds, with the attacker still estimated to be holding millions in assorted assets. How the UXLINK hack Happened The UXLINK hack began on September 22 and continued for several hours into the following day. The core of the attack involved an exploit of the project’s multi-signature wallet through a delegate call…