UXLINK Exploit Sees Hacker Mint Trillions of Tokens, Price Crashes 70%

Web3 social platform UXLINK has been hit by a major exploit, resulting in a total loss of confidence and a 70% price crash.

The hacker gained admin rights to the project’s multi-sig wallet, enabling them to steal millions in assets and, more critically, mint approximately 10 trillion new UXLINK tokens.

The project has urgently warned users against buying the token on DEXs due to the flood of unauthorized supply. While some stolen funds have been frozen on major exchanges, the damage to the token’s economics appears severe.