UXLINK Audit Paves Way for Token Migration After $11.3M Hack
UXLINK has successfully completed a comprehensive smart contract audit of its redesigned Ethereum token, eliminating on-chain mint–burn functions and implementing a fixed-supply tokenomics model in line with its whitepaper. The audited contract is set to deploy on the Ethereum mainnet, restoring cross-chain interoperability through partner services. This milestone follows a Sept. 22 exploit that drained $11.3 million and minted up to 2 billion UXLINK via a delegateCall vulnerability, triggering a 70% price drop. Security firms, centralized exchanges and law enforcement froze assets for recovery; the attacker later lost 542 million UXLINK in a phishing scam. UXLINK has briefed major exchanges on its migration plan—most have pledged support or temporary trading suspensions to ensure a smooth emergency token swap. The team has also engaged regulators in South Korea’s DAXA, pledging transparency, compensation and compliance. Traders can expect reduced security risks, stable tokenomics and smoother market operations as UXLINK’s smart contract audit and token migration reinforce its commitment to DeFi security and protocol integrity.
Bullish
The completion of UXLINK’s smart contract audit, combined with a fixed-supply model and a clear migration plan supported by major exchanges, greatly reduces security and inflation risks. Resolution of the $11.3 million exploit, asset freezes and pledged compensation restore trader confidence. Cross-chain interoperability and regulatory engagement further strengthen the project’s foundation. In the short term, migration events may trigger volatility, but the overall effect is positive, supporting stable tokenomics and renewed market trust—characteristics that point to a bullish outlook for UXLINK.