Cryip
  • Home
  • News
  • Research & Analysis
  • Reviews & Comparisons
  • Learn Crypto
  • Features
No Result
View All Result
Cryip
  • Home
  • News
  • Research & Analysis
  • Reviews & Comparisons
  • Learn Crypto
  • Features
No Result
View All Result
Cryip
No Result
View All Result
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
0 0
Uxlink Exploiter Purchases 5,493 ETH Using 10.88M DAI
Share on FacebookShare on Twitter

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

Related Posts

Bitmine Reports $3.8 Billion Quarterly Net Loss Due to Unrealized ETH Decline
Market Updates

Bitmine Reports $3.8 Billion Quarterly Net Loss Due to Unrealized ETH Decline

by Sathish Kumar K
April 15, 2026

$3.82 billion net loss reported for the quarter ended Feb. 28, 2026 $3.78 billion unrealized losses from digital asset holdings...

Read moreDetails
ether.fi Commits $3 Billion ETH to ETHGas for Realtime Ethereum

ether.fi Commits $3 Billion ETH to ETHGas for Realtime Ethereum

April 15, 2026
Blockchain On-Chain Metrics: Ethereum, Bitcoin, Solana, BSC, Tron & Base Weekly Report (April 06 – 12, 2026)

Blockchain On-Chain Metrics: Ethereum, Bitcoin, Solana, BSC, Tron & Base Weekly Report (April 06 – 12, 2026)

April 13, 2026
HKMA Approves First Stablecoin Licenses for HSBC and Standard Chartered

HKMA Approves First Stablecoin Licenses to HSBC and Anchorpoint Financial

April 10, 2026
Ethereum Foundation 5000 ETH Sale via CoWSwap TWAP

Ethereum Foundation 5000 ETH Sale via CoWSwap TWAP

April 8, 2026
UBS, PostFinance, Sygnum Launch CHF Stablecoin Sandbox with Swiss Banks

UBS, PostFinance, Sygnum Launch CHF Stablecoin Sandbox with Swiss Banks

April 8, 2026
FDIC Unveils New Rules for Stablecoin Issuers Under GENIUS Act

FDIC Unveils New Rules for Stablecoin Issuers Under GENIUS Act

April 8, 2026
Next Post
ABXelerate Invests in Ubyx to Advance Global Digital Money Connectivity

Arab Bank's AB Xelerate Makes Strategic Investment in Stablecoin Clearing Firm Ubyx

Cryip focuses on crypto research and on-chain analysis, supported by coverage of markets, regulation, security events, and blockchain ecosystems.

Recent Posts

  • Bitcoin “$420B Freeze” Claim Explained: What Developers Actually Proposed
  • Unified Labs partners with Morpho on RWA risk services in Asia
  • Drift Gets $148M Funding, Switches to USDT After $270M Exploit

Categories

  • AI × Crypto
  • Data & Dashboards
  • Market Updates
  • On-Chain Analysis
  • OpSec
  • Policy & Regulation
  • Post Mortems
  • Reports
  • Scams & Fraud
  • Security & Hacks
  • Stablecoins
  • Tokenomics
  • VC & Funding

Company

  • About Us
  • Contact Us
  • Editorial Standards & Integrity
  • Our Team
  • Privacy Policy
  • Review Methodology
  • Terms and Conditions
  • Trust, Disclosures & Independence

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • Research & Analysis
  • Reviews & Comparisons
  • Learn Crypto
  • Features

© 2026 Cryip - Research-Driven Crypto Analysis & News by Hashlays.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.