UXLINK: Will deploy a new token contract on Ethereum mainnet, exchange old tokens at a 1:1 ratio, and remove minting and burning functions
ChainCatcher news, UXLINK has released the latest update on the security incident via social media, stating that a new UXLINK contract will be deployed on the Ethereum mainnet, with a total supply of 1 billion tokens, and will be exchanged with the old UXLINK contract at a 1:1 ratio.
The new contract removes the mint-burn function, and cross-chain functionality will be achieved through cross-chain services provided by partners. The migration plan is divided into two parts: one for centralized exchanges (CEX), and the other for on-chain users. A snapshot taken at the time of the hacker's first transfer will determine whether users are eligible for the exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PENDLE briefly dropped nearly 10%, now rebounding to $4.5
Pendle: The platform was not hacked; a single wallet was compromised by a hacker.
KGeN completes new $13.5 million funding round
Trending news
MoreCrypto prices
More








