The UXLINK hack saga has one other unusual twist, as the unique perpetrator was focused by a phishing rip-off. Whoever they had been, this hacker misplaced $48 million in property.
Regardless of this, they managed to revenue at the least $28 million by minting and promoting new UXLINK tokens. The agency plans to alter its token protocols to stop an identical incident sooner or later.
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UXLINK Thief Income Regardless of New Hack
Yesterday’s $11 million UXLINK hack prompted a big raucous within the crypto neighborhood, particularly as a result of the perpetrator was in a position to acquire a mint position over the token. This allowed them to mint 2 billion new tokens on Arbitrum, considerably disrupting Upbit’s UXLINK itemizing.
Nevertheless, the tables have apparently turned in a humorous style. In the future after finishing up the UXLINK hack, the perpetrator fell sufferer to a phishing assault, dropping $48 million briefly order:
Certainly, the unique perpetrator misplaced way more UXLINK tokens than they stole within the hack. This displays the staggering extent of their minting spree, which was apparently the principle supply of income.
For instance, the hacker managed to launder at the least $28.1 million into ETH earlier than the phishing incident occurred.
All issues thought-about, this can be a tidy revenue, particularly as a result of the preliminary hack solely yielded round $11 million in UXLINK and different tokens. Even when the phishing assault put an finish to this minting spree, the perpetrator may nonetheless ostensibly think about this crime a hit.
Resolving the Minting Chaos
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Evidently, this chaotic hack has been very taxing on the UXLINK workforce. In line with a latest replace, these crimes have undermined each “the UXLINK whitepaper and the community’s consensus.”
In response, builders are taking just a few measures to stabilize the state of affairs.
First, the workforce confirmed that earlier plans for a token swap are going to occur. A number of “major CEX partners” expressed their “full support” in conducting an unspecified token swap plan, which goals to re-stabilize the flailing UXLINK economic system.
Safety Discover – Replace 4
We want to share the newest updates concerning the UXLINK token contract migration:
1. The continued unauthorized minting of UXLINK tokens has undermined each the UXLINK whitepaper and the neighborhood’s consensus.
2. We’ve got engaged with main CEX…
— UXLINK (@UXLINKofficial) September 23, 2025
UXLINK has additionally ready a brand new good contract to stop one other hack incident from inflicting this chaos. Transferring ahead, the token may have a set provide, stopping criminals from hijacking the mint performance.
Builders requested a third-party safety audit of this contract, and are getting ready a complete incident report of their very own.
These measures have prevented additional value collapse, nevertheless it’ll take quite a lot of effort to rebuild buyer belief. UXLINK might have to alter its complete token paradigm within the wake of this hack. The agency’s replace notes that the mint-and-burn features had actual utility in cross-chain interactions.
Now, nonetheless, UXLINK’s new whitepaper might want to discover one other resolution.
