UXLINK Faces Supply Concerns After Hack

[nihalsari]

The recent hack saw the perpetrator mint 2 billion UXLINK tokens on Arbitrum, contributing to a 70% drop in the token’s price to $0.09404. The platform confirmed no individual user wallets were affected and has pledged to compensate impacted accounts.

UXLINK is working with other exchanges and blockchain analytics firm PeckShield to track stolen tokens and prevent further disruptions. Investors are advised to monitor developments closely as recovery efforts continue.