COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
-
UPCX suffered a significant hack today, with $70 million worth of 18.4 million UPC tokens stolen from its management accounts, raising serious security concerns.
-
The theft, representing more UPC tokens than the total circulating supply, was traced back to a breach in the ProxyAdmin contract by Cyvers, a prominent crypto security firm.
-
Despite the magnitude of the hack, it has not caused a ripple effect in the broader market, and the stolen tokens remain in a frozen state, untouched.
UPCX faces a severe setback as $70 million worth of UPC tokens are stolen in a hack, yet the wider market shows resilience especially with tokens remaining dormant.
UPCX Suffers Major Hack: $70 Million Lost in a Breach
In a shocking turn of events, UPCX, an open-source crypto payment initiative, announced today that it suffered a major hack, resulting in the theft of 18.4 million UPC tokens worth approximately $70 million. This breach, which has raised alarms within the crypto community, highlights ongoing vulnerabilities in the security measures of digital asset platforms.
Details of the Incident: ProxyAdmin Contract Breached
According to Cyvers, a well-known crypto security firm that has previously tracked significant hacking incidents, the breach was executed through a compromised ProxyAdmin contract. Cyvers reported: “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 from three different management accounts.” This incident underscores the pressing need for enhanced security protocols in crypto management systems.
Immediately following the hack, UPCX’s market value plunged, resulting in an immediate decline of over 4% as traders reacted to the news. The implications of such a severe breach could be significant, particularly given the scale of tokens involved, which far exceeds the current circulating supply of around 4 million UPC tokens.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |

UPCX (UPC) Price Performance. Source: CoinGecko
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Market Response and Future Outlook
Interestingly, despite the enormity of this theft, the overall cryptocurrency market has not displayed signs of panic or drastic reaction. This is particularly notable, considering that the largest hack in crypto history occurred just over a month ago, captivating the community’s attention. As of now, the UPCX breach has not attracted widespread media coverage, with under 10,000 users engaging with its official acknowledgement of the incident.
Moreover, the recipient account of the stolen tokens has not executed any withdrawals or transactions, raising questions about the hackers’ next steps. The reality is that liquidating such a substantial amount of UPC may lead to further depreciation of its price, thereby complicating any attempts to convert stolen assets into usable currency.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
In conclusion, while the UPCX hack represents one of the largest thefts in recent crypto history, it remains a complex case with many unknowns. The overall resilience of the broader market in the face of this incident provides a glimmer of hope for investors, yet the dormant status of the stolen tokens poses a lingering threat. Further investigations are critical in bringing transparency and perhaps deterring future breaches in crypto security.
Conclusion
To summarize, the UPCX hack serves as an alarming reminder of the vulnerabilities in the digital currency landscape. With $70 million stolen and no immediate market repercussions, the crypto community must enhance its security measures to prevent such incidents in the future. The resolution of this case may determine not only UPCX’s recovery trajectory but also the confidence of investors in the broader cryptocurrency ecosystem.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |