UXLINK Initiates Token Migration Post Security Breach

Redaksi Media

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Published Sep 27, 2025

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Summary

UXLINK responds to a severe security breach with a token migration and strengthened security protocols to protect community assets.

UXLINK faced a major security breach in September 2025 when an unauthorized token minting incident exposed vulnerabilities in their multisig wallet, impacting market operations.

The breach led to a 67.4% token price drop, prompting emergency measures and heightened security protocols impacting market trust and operations.

UXLINK experienced a significant security breach in September 2025. The breach involved unauthorized token minting, affecting 2 billion UXLINK tokens. This prompted immediate emergency protocols to mitigate the impact and address security vulnerabilities. Announcement: Important update from UXLink

PeckShield was enlisted for investigation, emphasizing collaboration among major centralized exchanges. The exchanges collaborated to freeze hacker assets and restrict trading, aiming to prevent wider community losses.

Security Breach Results in 2 Billion Fake Tokens

The financial fallout included a 67.4% token price decline and a $70 million market cap reduction. Major exchanges temporarily halted UXLINK trading to contain the situation and regain community confidence.

Anticipated technological outcomes include deploying a new Ethereum mainnet smart contract. Historical data reveals consistent strategies in response to similar DeFi exploits, with liquidity recovery efforts ongoing. CoinCodex offers UXLink price forecasts

Learning from the Poly Network Hack

Similar incidents, such as the Poly Network hack, reflect recurring multisig wallet vulnerabilities. Past events consistently show the need for improved on-chain governance and access control.

Experts predict enhanced security measures will stabilize market confidence. Data-driven audits and cross-chain functionality updates are expected to prevent repeat occurrences and restore long-term trust. UXLink enhances security measures during token swap

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.