UPCX Faces Unauthorized Access, Approximately $70 Million Worth of UPC Tokens Abnormally Drained

BlockBeats News, April 1st: The open-source payment system UPCX in Japan announced that unauthorized activity involving the project's management accounts has been discovered. As a precautionary measure, immediate action is being taken to ensure the platform's security.

UPCX's deposit and withdrawal functions are temporarily suspended. User assets remain secure and unaffected.

Earlier, Cyvers Alerts issued a warning after detecting multiple suspicious transactions involving UPCX. It appears that someone gained access to the address 0x4C....3583E, upgraded the "ProxyAdmin" contract, and executed the "withdrawByAdmin" function, resulting in the transfer of 18.4 million UPC tokens (approximately $70 million) from three different management accounts.