{"id":11590,"date":"2025-09-24T06:30:11","date_gmt":"2025-09-24T06:30:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/uxlink-completes-smart-contract-audit-ahead-of-token-migration\/"},"modified":"2025-09-24T06:30:17","modified_gmt":"2025-09-24T06:30:17","slug":"uxlink-completes-smart-contract-audit-ahead-of-token-migration","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/uxlink-completes-smart-contract-audit-ahead-of-token-migration\/","title":{"rendered":"UXLINK completes smart contract audit ahead of token migration"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">UXLINK has finalized a new smart contract audit as it prepares for a token migration following a recent exploit that allowed the hacker to mint tokens.<\/p>\n<div id=\"cn-block-summary-block_e4ea4fa1af1bc8f9b4c549314d0956b1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>UXLINK audit confirms new fixed-supply token contract.<\/li>\n<li>Hack on Sept. 22 drained $11.3M and minted billions in UXLINK tokens.<\/li>\n<li>Attacker later fell victim to phishing attack, losing 542M UXLINK tokens.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>UXLINK has passed a security audit for its redesigned token contract and is preparing for a migration following a multi-sig breach that drained millions and led to mass unauthorized minting.<\/p>\n<p>The UXLINK (UXLINK) team posted the update on X on Sept. 24, stating that the new Ethereum (ETH) contract had passed its audit and would be deployed on the mainnet as part of an emergency token-swap plan.<\/p>\n<p>The team said it has removed the mint\u2013burn function, will keep the UXLINK ticker for continuity, and is submitting migration details to centralized exchanges. It also plans to respond to an inquiry by Korea\u2019s Digital Asset eXchange Association today.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Security Notice \u2013 Update 5<\/p>\n<p>We would like to share the latest progress on the UXLINK token migration:<\/p>\n<p>1. The new UXLINK smart contract has successfully passed its security audit.<br \/>2. The contract will be deployed on the Ethereum mainnet. The contract dropped the mint-burn\u2026<\/p>\n<p>\u2014 UXLINK (@UXLINKofficial) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/UXLINKofficial\/status\/1970703990548578595?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">What the audit fixes and how the migration will work<\/h2>\n<p>The audited contract sets a fixed supply and drops on-chain minting to prevent repeat exploits. UXLINK said cross-chain interoperability will rely on partner services rather than a native mint function. <\/p>\n<p>The migration plan is meant to realign supply with the project\u2019s whitepaper and to restore confidence after the compromise. Centralized exchanges have been briefed and most have pledged support or temporary suspensions while the swap is coordinated.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">More on UXLINK exploit<\/h2>\n<p>On Sept. 22 attackers used a \u201cdelegateCall\u201d vulnerability to seize admin rights over UXLINK\u2019s multi-signature wallet. That allowed transfers of roughly $11.3 million in assets, including stablecoins, ETH, and WBTC, and enabled the attacker to mint between 1 and 2 billion UXLINK tokens on Arbitrum. <\/p>\n<p>About 490 million of those tokens were dumped on decentralized exchanges, bridged to Ethereum, and swapped for roughly 6,732 ETH, according to chain analysis. The minting and sell-off pushed UXLINK down more than 70%, from about $0.30 to roughly $0.09.<\/p>\n<p>Security firms and exchanges moved quickly. PeckShield joined the probe, and major CEXs including Upbit froze suspect deposits, limiting further laundering. Law enforcement has been notified and recovery procedures are active.<\/p>\n<h2 class=\"wp-block-heading\">UXLINK attacker falls victim to phishing scam<\/h2>\n<p>In an unexpected twist, the attacker was later phished. ScamSniffer and on-chain investigators flagged a subsequent approval-based drain that moved roughly 542 million UXLINK to phishing wallets tied to the Inferno Drainer network. One large transfer totaled 433,583,532 UXLINK.<\/p>\n<p>That siphon reduced the exploiter\u2019s usable holdings, though the attacker still realized substantial proceeds.<\/p>\n<p>UXLINK says frozen addresses are under recovery procedures and that community losses will be handled with transparency and compensation. The audited contract and migration are the next steps in that effort. The team urged users to follow only official channels for migration instructions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UXLINK has finalized a new smart contract audit as it prepares for a token migration following a recent exploit that allowed the hacker to mint tokens. Summary UXLINK audit confirms&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11590"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11590\/revisions"}],"predecessor-version":[{"id":11591,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11590\/revisions\/11591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4137"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}