Hacking News
UNCX Ethereum Exploit Drains $86K
Blockchain security firm Blockaid reported an ongoing exploit targeting UNCX’s shared token-vesting pool on Ethereum, draining about $86,000. The incident affected tokens associated with multiple projects, and the full extent of potential losses remained unclear. The transaction occurred at 11:49 a.m. ET and involved EDGEN, ZC, pepeCoin, LO0P and PAAL AI. The attacker manipulated the vesting system by creating positions, releasing a large position and adding tokens to the shared pool, then canceling a position that had received additional tokens, leaving a small balance that could enable withdrawals of tokens locked by other users.