UXLINK Token Hack: $11.3M Exploit Triggers 70% Price Crash and Urgent Swap in 2025

UXLINK, a leading AI-powered Web3 social platform, suffered a major security breach on September 22, 2025, with hackers exploiting a multi-signature wallet vulnerability to drain $11.3 million in assets and mint billions of unauthorized tokens. The incident, flagged by Cyvers Alerts, led to a 70% token price plunge from $0.30 to $0.09, erasing over $70 million in market cap amid 1,360% trading volume surge to $478 million. As of September 24, 2025, UXLINK is coordinating with exchanges like OKX, Upbit, and Bybit for a token swap to restore supply integrity, highlighting persistent smart contract risks in decentralized social infrastructure.

What Happened in the UXLINK Hack?

The exploit targeted UXLINK’s multi-sig wallet via a “delegateCall” vulnerability, granting attackers admin privileges to transfer 542 million tokens ($43 million) to phishing addresses and mint 2 billion new UXLINK tokens. Assets stolen included $4 million USDT, $500K USDC, 3.7 WBTC, and 25 ETH, with the hacker netting 6,732 ETH ($28.1 million) after dumping on CEXs and DEXs. Ironically, the attacker later lost $48 million in stolen tokens to a secondary phishing scam, underscoring crypto’s high-stakes environment. UXLINK’s team, led by CEO Rolland, confirmed user wallets remain safe and engaged PeckShield and SlowMist for forensics, freezing most funds with law enforcement aid.

• Vulnerability Type: DelegateCall flaw in smart contracts enabled unauthorized minting.
• Minted Tokens: Over 2 billion illicit UXLINK, inflating supply dramatically.
• Stolen Assets: $11.3M total, primarily stablecoins and ETH/WBTC.
• Hacker’s Fate: Victim of phishing, losing $48M but profiting $28M net.

Why the UXLINK Hack Matters in 2025 Crypto Trends

This breach exposes ongoing challenges in Web3 social platforms, where UXLINK’s 55 million users across 100+ countries relied on its governance token for decentralized interactions. In 2025, with stablecoin and RWA tokenization booming under the GENIUS Act, such exploits erode trust in unaudited contracts, prompting calls for stricter audits and regulatory sandboxes. The 70% crash and 15% futures-spot discount reflect panic selling, yet surging volume signals opportunistic trading. UXLINK’s rapid response—suspending trades and planning a fixed-supply migration—aligns with industry standards, but rebuilding credibility requires transparency amid a $280 billion stablecoin market.

• Market Impact: 70% price drop, $70M cap loss; volume up 1,360%.
• User Base Risk: 55M registered users unaffected directly, but trust shaken.
• Trend Tie-In: Highlights need for compliant, audited DeFi in social infra.
• Recovery Signal: Token swap to eliminate mint/burn functions.

UXLINK’s Response and Token Swap Plan

UXLINK halted unauthorized minting by deploying a new audited contract on Ethereum mainnet, removing mint/burn mechanisms for a fixed supply and retaining cross-chain features via partners. Major CEXs committed to facilitating 1:1 swaps starting September 23 at 22:00 UTC+8, with OKX and Upbit suspending deposits. The team notified regulators like DAXA, froze hacker addresses, and pledged full transparency on losses and compensation. Community updates on X emphasize avoiding DEX trades of old tokens, with CEO Rolland vowing collaboration with security firms for audits and recovery.

• Swap Mechanics: 1:1 exchange via CEXs; new contract audited and deployed.
• Exchange Coordination: OKX, Upbit, Bybit, Crypto.com suspending trading.
• Forensics: PeckShield tracing; SlowMist assessing phishing origins.
• Transparency: Detailed report to DAXA; user compensation forthcoming.

Real-World Implications for UXLINK Holders

Holders should avoid interacting with old tokens on DEXs to prevent losses, using official CEX channels for swaps post-September 23. The hack underscores wallet security best practices: enable 2FA, audit multi-sig setups, and use hardware wallets for high-value assets. For UXLINK’s ecosystem, this could accelerate integrations with compliant platforms like Base, but sustained recovery depends on user retention amid 2025’s DeFi social trends. Institutions may pivot to audited alternatives, emphasizing licensed networks for tokenized social features.

• Holder Action: Monitor official X for swap instructions; pause DEX trades.
• Security Tip: Verify contracts via PeckShield; use audited wallets.
• Ecosystem Flow: Post-swap, governance resumes with fixed supply.
• Recovery Outlook: Potential rebound if transparency rebuilds trust.

In summary, UXLINK’s $11.3M hack and token swap initiative test Web3 social resilience in 2025, blending crisis with compliance opportunities. Stay vigilant on secure platforms, follow official updates, and explore audited DeFi resources for evolving blockchain safety trends.