UXLINK Hacked: 490 Million Tokens Vanished, What Really Happened?

Bittime - The crypto world was rocked again by shocking news.UXLINK kena hackin one of the biggest hacking incidents of the year. As many as490 million tokens stolen And 2 billion new tokens were illegally mintedby hackers exploiting loopholes in smart contracts.

It didn't stop there, the hacker used six wallets to channel stolen tokens to various decentralized (DEX) and centralized (CEX) exchanges, before finally converting them into...6,732 ETHor approximately $28.1 millionThis incident had a major impact on the token price, the project's reputation, and investors' sense of security.

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Chronology of the UXLINK Hack

The attack began when hackers discovered a vulnerability in the UXLINK smart contract that allowed token minting outside of the official mechanism. From there, they managed to siphon off490 million native tokensand print at the same time2 billion additional tokensThe next step was to distribute the assets across six different wallets, a classic strategy for obscuring transaction traces.

The stolen tokens were quickly sold on various crypto exchanges. Within hours, the proceeds of this crime had turned into thousands of ETH, making it one of the most costly hacks of 2025.

Major Impact on Investors and Markets

It didn't take long for the market to react. UXLINK's price plummeted immediately after news of the hack spread. Panicked investors flocked to sell their tokens, exacerbating the selling pressure. The incident also shook the community's confidence in a project previously considered to have bright potential.

On the other hand, the impact wasn't limited to the UXLINK ecosystem; it also added to the long list of crypto projects that have collapsed due to smart contract vulnerabilities. The market has become more cautious, while regulators and analysts have reiterated the importance of security in blockchain development.

Handling and Investigation Efforts

The UXLINK team immediately announced that they were conducting an investigation with the crypto security community. The primary focus now is tracing the flow of stolen funds and attempting to freeze the hacker's wallets on centralized exchanges.

However, this step wasn't easy, considering that most transactions were processed through decentralized protocols. UXLINK's transparency was key to quelling panic, even though many investors were already skeptical.

Lessons from the UXLINK Case

The UXLINK hack provides an important lesson for the crypto world. First, smart contract securitymust be a top priority. Without thorough audits and multi-layered testing, any project is a potential easy target for hackers. Second, for investors, this incident is a reminder to always be cautious when investing, especially in projects that don't have a long track record.

Third, prompt and transparent communication from the project side is essential to reduce market panic and restore some community trust.

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Conclusion

Case UXLINK kena hackconfirms that the threat of hacking still haunts the crypto industry. With 490 million tokens lost and 2 billion tokens illegally minted, this incident is not only a financial loss but also a major blow to UXLINK's reputation. For investors, this incident is a stark reminder that the risks in the crypto world are real.

Meanwhile, for developers, this is a reminder that security is not just an additional feature, but a core foundation that determines the future of blockchain projects.

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FAQ

What really happened to UXLINK?

UXLINK was hacked resulting in 490 million tokens being stolen and an additional 2 billion tokens being illegally minted.

What is the total loss from this hack?

Hackers managed to pocket 6,732 ETH or around $28.1 million from the stolen funds.

How will it affect the price of UXLINK?

The token price immediately plummeted due to massive selling after news of the hack spread.

Has the UXLINK team taken action?

Yes, they are conducting an investigation and working with the security community to trace the stolen funds.

What can investors learn from this case?

Investors should be more selective in choosing projects and prioritize those with strong security audits.