UXLINK Hit by $11.3 Million Exploit, Token Drops 70%
UXLINK faced a major security breach with a significant token value decline.
- 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.
More From Crypto News
Hyperliquid Policy Center Urges SEC to Revise Crypto Rules
The Hyperliquid Policy Center, the advocacy arm focused on regulatory engagement for the Hyperliquid ecosystem, submitted its recommendations targeting the SEC’...
U.S. Crypto Economy Shrinks While Canada’s Grows in 2026
A divergence in crypto market activity between the United States and Canada has drawn attention in 2026, with data cited by analysts pointing to contraction in...
Bitcoin’s Largest Holders Added Nearly 89,000 BTC in One Month
The figure covers wallets that rank among Bitcoin’s top holders by balance, and was reported by CryptoPotato . A one-month swing of that scale reflects a sustai...
BlackRock Files With SEC for Buffered Bitcoin ETF
The filing marks a proposal stage, not an approval or product launch. The SEC must review and act on the submission before any fund becomes available to investo...
NGRAVE: Third-Party Service Compromise Triggered LIQUID Phishing Alerts
NGRAVE said the phishing alerts reaching LIQUID app users were made possible by a breach of an external notification service the company relied on, per reportin...
FINMA Approves Switzerland’s First Retail Bitcoin-Holding ETF
Switzerland’s financial regulator, FINMA, has approved the country’s first exchange-traded fund structured to hold Bitcoin directly on behalf of retail investor...
