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Hack shakes Uxlink: $ 11 million disappeared!
Uxlink suffers a heavy hack with a loss of $ 11.3 million. TOKES-SWAP and safety investigations.
Hack shakes Uxlink: $ 11 million disappeared!
On October 7, 2025, Uxlink will be hit by a significant security incident, which led to a loss of $ 11.3 million. The attack occurred through a break-in into the multi-signature wallet of the platform, which led to a dramatic price drop of the tokens. The value fell by more than 70 % and dropped from $ 0.30 to almost $ 0.09, with market capitalization slipping by about $ 70 million.
The hacker took advantage of a weak point known as a “delegateCall” to obtain administrator authorizations and began with the unauthorized characteristics of UxLink token. According to crypto.news, the attack was first reported on September 22 when the blockchain security company Cyvers found suspicious activities.
Details about the hacker activities
The hacker shaped between 1 and 2 billion Uxlink token on the Arbitrum (Arb) Blockchain. Initially, he received and sold 490 million of these tokens via decentralized stock exchanges. The proceeds from the sale were transferred to Ethereum (ETH) and exchanged in around 6,732 ETH, which is a value of around $ 28.1 million.
Uxlink has taken measures to suspend the token and work closely with important central stock exchanges. The platform also plans a token swap to restore the token economy. Fortunately, the user wallets were not affected directly through the hack, and most of the hackers' funds were frozen on the stock exchanges.
Reactions and recovery strategies
The authorities are also involved in the restoration efforts, and Peckshield was hired for the examination and examination. Uxlink aims to protect its 55 million users and to ensure transparency during the recovery process. Further instructions are to be communicated via official channels.
In view of the enormous financial damage caused by this incident, UxLink faces great challenges. Nevertheless, the community shows support, and the platform strives to cope with the situation and to regain the trust of its users.
For more information and updates to this situation, it is recommended to keep an eye on the official channels from Uxlink and the reporting of crypto.news.