- UXLINK exploited, losing $11.3 million, triggering a token crash.
- Immediate token devaluation by over 70% observed.
- Contract audits and migration initiated amid security reviews.
UXLINK’s multisig wallet was exploited for $11.3 million on September 22, 2025, causing a token crash over 70% and triggering security reviews with exchanges freezing assets.
The breach has exposed vulnerabilities in DeFi platforms, prompting emergency protocols and affecting investor confidence, with immediate impacts on UXLINK’s market position and token valuation.
Main Content
UXLINK faced a major security breach on September 22, 2025, with attackers illicitly transferring $11.3 million worth of cryptocurrency. The project’s multisig wallet was targeted, leading to immediate on-chain losses and a significant token price decline.
The affected entity, UXLINK, self-identified as the victim. Authorities and exchanges were promptly notified, leading to a freeze of related assets. The team announced collaborations with security experts to understand and address the breach. “Our system has detected $11.3M in suspicious transactions involving @UXLINKofficial. An ETH address executed a delegateCall, removed the admin role, and called ‘addOwnerWithThreshold’ before transferring $4M USDT, $500K USDC, 3.7 WBTC, and 25 ETH.” source
The exploit immediately affected UXLINK’s market, causing a 70% drop in token value from about $0.30 to $0.09, and erasing a market cap of approximately $70 million. Decentralized exchanges experienced heavy outflows and liquidity issues.
Financial implications are significant, with assets such as USDT, USDC, and ETH involved. Centralized exchanges reported freezing millions. UXLINK initiated contract audits, aiming to restore market confidence while tackling liquidity challenges.
With security reviews underway, impacted exchanges are on alert. Historical patterns in similar incidents suggest market recovery might require comprehensive security enhancements. UXLINK’s steps include focusing on contract audits and user compensation strategies.
