Upcx Suffers Major Security Breach, $70 Million in UPC Tokens Drained; Deposits and Withdrawals Suspended

A major security breach has been reported involving Upcx, a cryptocurrency platform. Unauthorized access to its management account has resulted in the draining of approximately $70 million worth of UPC tokens. The breach was detected after suspicious transactions were identified, including an upgrade to the 'ProxyAdmin' contract and the execution of the 'withdrawByAdmin' function, which facilitated the transfer of 18.4 million UPC tokens from the affected account. In response to the incident, Upcx has temporarily suspended all deposits and withdrawals as a precautionary measure. Users are advised to remain vigilant and verify official updates before taking any action.

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