{"id":13317,"date":"2025-10-14T08:43:03","date_gmt":"2025-10-14T08:43:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/uxlink-to-kick-off-compensation-plan-with-first-token-buyback-this-weekend\/"},"modified":"2025-10-14T08:43:09","modified_gmt":"2025-10-14T08:43:09","slug":"uxlink-to-kick-off-compensation-plan-with-first-token-buyback-this-weekend","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/uxlink-to-kick-off-compensation-plan-with-first-token-buyback-this-weekend\/","title":{"rendered":"UXLINK to kick off compensation plan with first token buyback this weekend\u00a0"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">UXLINK will conduct its first token buyback this weekend, Oct. 18\u201319, using recovered funds from centralized exchanges.<\/p>\n<div id=\"cn-block-summary-block_9999b65756654e125cb12852547eead8\" 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 will do a token buyback on\u00a0Oct. 18\u201319, funded by assets recovered from exchanges.<\/li>\n<li>All repurchased tokens will support the\u00a0Swap &amp; Compensation Plan, approved by community governance to reimburse affected users.<\/li>\n<li>Future buybacks are planned, alongside strengthened security and transparency measures.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>This marks a major step in its post-hack recovery plan. In an Oct. 14 announcement on X, UXLINK confirmed that the buyback will be funded by assets recovered from centralized exchanges including Bybit and Bitget.<\/p>\n<p>These funds were returned after last month\u2019s security breach, which exposed a vulnerability in UXLINK\u2019s multi-signature wallet and led to losses of about $11.3 million in digital assets.<\/p>\n<p>The buyback will take place on exchanges that have resumed UXLINK (UXLINK) trading following the project\u2019s migration to a new Ethereum mainnet contract on Sept. 25. The updated contract removed mint and burn permissions and added new security audits.<\/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\">\ud83d\udd14 UXLINK Buyback Update<\/p>\n<p>We will initiate the first batch of Buyback this weekend, sourced from the returned frozen funds by CEX partners \u2014 huge thanks for their support. \ud83d\ude4f<\/p>\n<p>The Buyback will take place on exchanges that have resumed UXLINK trading (on ETH mainnet).<br \/>All\u2026<\/p>\n<p>\u2014 UXLINK (@UXLINKofficial) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/UXLINKofficial\/status\/1977941386076041720?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 14, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Community-governed UXLINK token buyback<\/h2>\n<p>All repurchased tokens will be used for UXLINK\u2019s Swap &amp; Compensation Plan, which was approved by the community on Oct. 4 with 99.99% support. The plan ensures that both on-chain and centralized exchange users receive equal value by compensating impacted all holders based on a snapshot taken on Sept. 22 at 14:55 UTC.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The returned funds used for this initial buyback is a portion of the frozen assets recovered in partnership with security companies SlowMist and SEAL 911, who assisted in tracking down stolen tokens and identifying wallet movements across various chains. Further buybacks are expected in stages as additional assets are retrieved from cooperating platforms.<\/p>\n<p>To support compensation liquidity, UXLINK will unlock 8\u201312% of community, team, and treasury tokens, which were originally subject to long-term vesting. The change does not affect investor allocations and is limited to recovery purposes.<\/p>\n<h2 class=\"wp-block-heading\">Stengthening UXLINK\u2019s security<\/h2>\n<p>Since the attack, UXLINK has added hardware wallet integrations, quarterly red-team tests, and expanded bug bounties, among other security upgrades. To increase user protection, the project has also implemented tiered onboarding and zero-knowledge verification.<\/p>\n<p>These measures are a part of a bigger plan to improve platform functionality and security as well as restore community engagement. The project\u2019s recovery efforts have already revived activity, with community participation in governance and social channels increasing more than fivefold since the hack.<\/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 will conduct its first token buyback this weekend, Oct. 18\u201319, using recovered funds from centralized exchanges. Summary UXLINK will do a token buyback on\u00a0Oct. 18\u201319, funded by assets recovered&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13317","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\/13317","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=13317"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13317\/revisions"}],"predecessor-version":[{"id":13318,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13317\/revisions\/13318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2093"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}