UXLink Security Breach
UXLink, a Web3 social media platform powered by AI and crypto, faced a major security breach after a hacker managed to mint billions of unauthorized tokens. As a result, the price of UXLINK tokens plummeted by more than 90% within a short period.

In a post on X on Tuesday (September 23, 2025), UXLink confirmed that its multisignature wallet had been compromised. The breach led to the illegal transfer of several crypto assets to both centralized exchanges (CEX) and decentralized exchanges (DEX).

The company stated that it had contacted multiple exchanges to freeze suspicious deposits and reported the incident to authorities. In its latest update, UXLink claimed that part of the stolen funds had been successfully frozen thanks to cooperation with several exchanges.

“Most of the stolen assets have been frozen, and collaboration with exchanges remains strong,” UXLink said in its official statement.

The overall financial loss from this incident is estimated to exceed US$30 million, or roughly Rp500.3 billion.

The attack triggered an immediate collapse in the UXLINK token price, dropping 90% from US$0.33 to just US$0.033 according to CoinMarketCap, before rebounding slightly to around US$0.15 at the time of writing.

Counterattack Twist
After confirming the breach, UXLink discovered that the hacker had initiated large-scale illegal token minting.

Blockchain security firm PeckShield reported that the hacker first minted 1 billion UXLINK tokens, then added another 1 billion. Furthermore, on-chain analysis by Hacken suggested that the total minted tokens reached nearly 10 trillion units.

Despite minting trillions of tokens, Hacken noted that the hacker only managed to exchange approximately 9.95 trillion tokens for 16 Ether (ETH), worth around US$67,000.

Interestingly, during the process, on-chain analytics firm Lookonchain revealed that the hacker lost 542 million UXLINK tokens worth about US$48 million due to a phishing attack. Nonetheless, the hacker still walked away with at least US$28 million in profit from minting and selling the newly created tokens.

UXLink’s Recovery Plan
In response, UXLink publicly urged centralized exchanges to temporarily suspend trading of UXLINK tokens. The company also announced plans to launch a token swap as part of efforts to safeguard its ecosystem.

UXLink stressed that there were no indications of individual user wallets being compromised. However, the company advised its community to remain vigilant and rely solely on official communication channels for accurate updates.

In addition, UXLink confirmed that preparations for the token swap are underway and will be announced soon.

“Details and instructions for the token swap will be released shortly,” the UXLink management wrote.

The company also confirmed that it had submitted a new smart contract for a security audit. This contract was designed with a fixed supply, ensuring that no additional tokens could be minted in the future. UXLink added that a full incident report would be published in collaboration with its security partners in the near future.