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UXLINK Advances Token Migration Amid Security Breach and Exchange Coordination.

UXLINK Advances Token Migration Amid Security Breach and Exchange Coordination.

DeFi PlanetDeFi Planet2025/09/25 17:21
By:DeFi Planet

Contents

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  • Quick Breakdown
  • 1:1 Swap for verified holders
  • Regulatory coordination and asset recovery

Quick Breakdown 

  • UXLINK’s new Ethereum smart contract has passed a full security audit and will soon go live.
  • A 1:1 token swap will be provided for all legally circulated UXLINK holdings across exchanges and on-chain.
  • Compensation plans are planned for affected users as regulators and security experts track hacker wallets.

UXLINK has announced significant progress in its ongoing token migration following a recent security incident, unveiling a new smart contract and detailed swap plan to protect holders and stabilize the project’s ecosystem. This report comes after UXLINK confirmed that the new smart contract has passed a full security audit and will soon go live on Ethereum, a key step aimed at strengthening network security while preserving cross-chain functionality and ensuring that user assets remain protected.

The upgraded UXLINK smart contract, deployed at 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3, is ready for migration. An incident report and migration plan have been submitted to DAXA and major exchanges, setting the stage for a controlled transition as stolen tokens are tracked and frozen.

Security Notice – Update 6

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

1. The new UXLINK smart contract is ready.
Contract address: 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3
2. The UXLINK incident report has been submitted to DAXA and…

— UXLINK (@UXLINKofficial) September 25, 2025

1:1 Swap for verified holders

Under the migration framework, all CEX and on-chain users holding legally circulated UXLINK tokens will receive a 1:1 swap based on the project’s white paper , which lists a total circulation of 479,713,462 tokens. Tokens flagged as illegally issued will not qualify for the swap, while most stolen but unlocked tokens have been suspended to limit further exploitation.

The team acknowledged that some compromised tokens remain in circulation and pledged a separate compensation plan for affected users. Exchanges will follow their own internal processes and regulatory requirements, meaning swap schedules may vary by platform. For on-chain users, an official swap portal is expected to go live within five working days, ensuring a direct redemption option.

Regulatory coordination and asset recovery

UXLINK confirmed ongoing collaboration with regulators in Singapore, Korea, and Japan, alongside leading blockchain security experts, to monitor hacker-linked wallets and freeze assets where possible. An additional compensation program will be introduced based on the value of recovered tokens to further protect the community and restore confidence.

The team reiterated its commitment to maintaining timely and transparent updates throughout the migration process as it works to secure the UXLINK ecosystem and safeguard investor assets.

 

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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.

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