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UXLINK passes smart contract audit ahead of token migration
GameFi Guides

UXLINK passes smart contract audit ahead of token migration

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UXLINK has finalized a new smart contract audit as it prepares for a token migration following a recent exploit that allowed the hacker to mint tokens.

Summary

  • UXLINK audit confirms new fixed-supply token contract.
  • Hack on Sept. 22 drained $11.3M and minted billions in UXLINK tokens.
  • Attacker later fell victim to phishing attack, losing 542M UXLINK tokens.

UXLINK has passed a security audit for its redesigned token contract and is preparing for a migration following a multi-sig breach that drained millions and led to mass unauthorized minting.

The UXLINK (UXLINK) team posted the update on X on Sept. 24, stating that the new Ethereum (ETH) contract had passed its audit and would be deployed on the mainnet as part of an emergency token-swap plan.

The team said it has removed the mint–burn function, will keep the UXLINK ticker for continuity, and is submitting migration details to centralized exchanges. It also plans to respond to an inquiry by Korea’s Digital Asset eXchange Association today.

Security Notice – Update 5

We would like to share the latest progress on the UXLINK token migration:

1. The new UXLINK smart contract has successfully passed its security audit.
2. The contract will be deployed on the Ethereum mainnet. The contract dropped the mint-burn…

— UXLINK (@UXLINKofficial) September 24, 2025

What the audit fixes and how the migration will work

The audited contract sets a fixed supply and drops on-chain minting to prevent repeat exploits. UXLINK said cross-chain interoperability will rely on partner services rather than a native mint function.

The migration plan is meant to realign supply with the project’s whitepaper and to restore confidence after the compromise. Centralized exchanges have been briefed and most have pledged support or temporary suspensions while the swap is coordinated.

More on UXLINK exploit

On Sept. 22 attackers used a “delegateCall” vulnerability to seize admin rights over UXLINK’s multi-signature wallet. That allowed transfers of roughly $11.3 million in assets, including stablecoins, ETH, and WBTC, and enabled the attacker to mint between 1 and 2 billion UXLINK tokens on Arbitrum.

About 490 million of those tokens were dumped on decentralized exchanges, bridged to Ethereum, and swapped for roughly 6,732 ETH, according to chain analysis. The minting and sell-off pushed UXLINK down more than 70%, from about $0.30 to roughly $0.09.

Security firms and exchanges moved quickly. PeckShield joined the probe, and major CEXs including Upbit froze suspect deposits, limiting further laundering. Law enforcement has been notified and recovery procedures are active.

UXLINK attacker falls victim to phishing scam

In an unexpected twist, the attacker was later phished. ScamSniffer and on-chain investigators flagged a subsequent approval-based drain that moved roughly 542 million UXLINK to phishing wallets tied to the Inferno Drainer network. One large transfer totaled 433,583,532 UXLINK.

That siphon reduced the exploiter’s usable holdings, though the attacker still realized substantial proceeds.

UXLINK says frozen addresses are under recovery procedures and that community losses will be handled with transparency and compensation. The audited contract and migration are the next steps in that effort. The team urged users to follow only official channels for migration instructions.





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UXLINK token swap after security breach
Crypto Trends

UXLINK plans token swap as hacker continues minting tokens

by admin



UXLINK will launch a token swap after a hacker exploited its multi-sig wallet and began minting tokens while also draining millions in assets.

Summary

  • UXLINK suffered a $11.3M hack via multi-sig breach.
  • Token price dropped over 70% after exploit.
  • UXLINK plans token swap to restore supply integrity as hacker continues unauthorized minting.

UXLINK is preparing a token swap to protect its ecosystem after a hacker exploited its multi-signature wallet and continued unauthorized minting of tokens.

On Sept. 23, UXLINK posted a security update on X confirming that a malicious actor is still minting UXLINK tokens without authorization. The team said it is working with major centralized exchanges to suspend trading and will soon initiate a token swap plan to restore the project’s token economy.

UXLINK breach and unauthorized minting

The attack was first disclosed on Sept. 22 after blockchain security firm Cyvers flagged suspicious activity on UXLINK’s smart contracts. The project’s multi-sig wallet was compromised by hackers who exploited a “delegateCall” vulnerability to gain administrator privileges. 

This made it possible for assets worth approximately $11.3 million to be stolen, including $4.5 million in stablecoins and major tokens such as ETH and WBTC.

The attacker also minted between 1–2 billion UXLINK tokens on Arbitrum (ARB), of which 490 million were initially received and later sold across decentralized exchanges. Proceeds were bridged to Ethereum (ETH) and swapped into ETH, netting around 6,732 ETH ($28.1 million at current prices).

Despite quick intervention from exchanges, including Upbit, which froze deposits, the minting exploit has left the token supply compromised. UXLINK’s price dropped over 70% in the aftermath, falling from $0.30 to near $0.09, erasing around $70 million in market cap.

UXLINK’s response and mitigation efforts

The project emphasized that user wallets were not directly affected. Most of the hacker’s funds have been frozen on exchanges, and law enforcement agencies are involved in recovery efforts. PeckShield has been engaged to assist with the investigation and auditing.

With the ongoing unauthorized minting, UXLINK said a token swap will be rolled out “promptly” to protect holders and realign the supply with its whitepaper rules. Further instructions will be issued through official channels.

The team reiterated its focus on protecting its 55 million users and ensuring transparency during the recovery process.



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UXLINK scrambles to contain $11.3m hack, turns to police for action
NFT Gaming

UXLINK scrambles to contain $11.3m hack, turns to police for action

by admin



UXLINK admitted its wallet was compromised when attackers stripped admin rights and rerouted tokens across Ethereum and Arbitrum. The Web3 social platform is now working simultaneously with central exchanges to freeze the stolen funds and with law enforcement to initiate formal investigations.

Summary

  • UXLINK confirmed an $11.3m hack after attackers seized admin rights and rerouted funds across Ethereum and Arbitrum.
  • The Web3 social platform is working with exchanges and law enforcement to freeze assets and recover stolen funds.
  • The breach comes just months after UXLINK marked its third anniversary, celebrating 55m+ users and global growth.

On Sept. 22, blockchain security firm Cyvers flagged a series of highly suspicious transactions originating from a UXLINK protocol address. Their analysis revealed a sophisticated attack vector, with an Ethereum address executing a “delegateCall” to effectively seize control by removing the admin role and adding a new owner with threshold permissions.

Cyvers said the attack enabled the hacker to drain approximately $11.3 million in assets, including $4.5 million in stablecoins, WBTC, and ETH, before swiftly bridging and swapping portions of the haul across networks in an apparent attempt to launder the funds. Within minutes, another address received $3 million worth of UXLINK tokens, some of which remain unswapped.

UXLINK responds as breach overshadows recent milestones

UXLINK acknowledged the exploit less than an hour after Cyvers’ alert, issuing what it called an “urgent security notice” to its users. While the official communication did not specify the exact figure, it confirmed that a “significant amount of cryptocurrency” had been illicitly transferred to both centralized and decentralized exchanges.

“We have already reached out to major CEXs and DEXs to urgently freeze suspicious UXLINK deposits and are coordinating closely with them to prevent further movement of funds. The incident has been reported to the police and relevant authorities to accelerate legal action and recovery efforts,” the team wrote on X.

UXLINK’s move to involve law enforcement underscores the severity of the incident and the project’s intent to pursue all available avenues for restitution. Notably, the timing of the hack carries added weight for the Web3 social platform.

Just three months ago, the Tokyo-headquartered project celebrated its third anniversary in July, an event that highlighted a period of remarkable growth. UXLINK reported its registered user base surging to over 55 million, with a presence in more than 100 countries, and emphasized its commitment to regulatory compliance and product innovation.

The hack now poses a direct challenge to that very narrative of maturation and stability. The breach of a core administrative wallet stands in stark contrast to the image of a robust, compliance-first infrastructure provider that UXLINK has carefully cultivated.

The platform has yet to issue another update as of press time. 



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