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Home News Market Updates

Uxlink Exploiter Purchases 5,493 ETH Using 10.88M DAI

On-chain data shows the Uxlink exploiter converted stablecoins into Ethereum while retaining a large DAI balance.

by Sathish Kumar K
February 19, 2026
in Market Updates
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Uxlink Exploiter Purchases 5,493 ETH Using 10.88M DAI
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Recent on-chain transaction data indicates that the wallet associated with the Uxlink exploiter has purchased 5,493 ETH in a series of transactions (19 Feb, 2026 08:07:23 UTC). The total value of the acquisition stands at approximately 10.88 million DAI, with an average purchase price of $1,981 per ETH.

Uxlink Exploiter has bought 5,493 $ETH for 10.88M $DAI at a price of $1,981 and still holds $21.42M $DAI.https://t.co/8dSv59EgmO pic.twitter.com/LE50TIEpeX

— Onchain Lens (@OnchainLens) February 19, 2026


The activity was recorded through blockchain tracking platforms, which monitor wallet movements and token transfers in real time. The transactions were executed directly using DAI, a stablecoin pegged to the US dollar.

Remaining Stablecoin Balance

According to the latest available wallet balance data, the address still holds approximately 21.42 million DAI after completing the ETH purchase. This remaining stablecoin balance suggests that the exploiter retains significant liquidity and may continue executing additional transactions.

Uxlink Exploiter Purchases 5,493 ETH Using 10.88M DAI
Uxlink Exploiter has bought 5,493 $ETH for 10.88M $DAI at a price of $1,981

Blockchain analysts and tracking platforms have continued to monitor the wallet due to its large holdings and frequent activity across multiple decentralized platforms.

Transparent and Verifiable Transactions

The transactions were conducted on-chain, making them publicly visible and verifiable. Each transfer and swap is recorded on the Ethereum blockchain, enabling transparency and allowing market participants to track the flow of funds. The use of decentralized exchanges and stablecoins has become a common approach for large holders when moving or reallocating assets.

Large purchases of Ethereum by wallets linked to exploits often attract attention from the crypto community because of their potential impact on liquidity and market activity. However, the current transactions appear to be structured in a way that minimizes slippage and market disruption.

Execution Strategy and Pricing

Data shows that the ETH was at average price of $1,981 (09:11 UTC on Thursday, February 19, 2026), reflecting market conditions at the time of execution. The purchases were likely split into multiple swaps to optimize pricing and reduce exposure to price volatility during the transaction window. The wallet’s continued holding of 21.42 million DAI highlights the scale of the exploiter’s remaining stablecoin reserves. This activity comes shortly after the Moonwell DeFi exploit, which served as a warning about the growing risks of AI-assisted coding in decentralized finance.

Disclaimer: Cryip is an independent media and research outlet providing news, data, and analysis on the cryptocurrency industry. Content is for informational and research purposes only and does not constitute financial, legal, tax, or investment advice. Cryptocurrency markets are volatile and past performance is not indicative of future results. References to specific assets, platforms, or incidents are for journalistic purposes only and do not imply endorsement, and readers assume full responsibility for their decisions.
Tags: DAIETHEthereumMarket Updatesstablecoin

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