In a move that would make even a distracted wizard shake his head, UXLink-a supposedly encyclopaedic AI-powered Web3 social platform and infrastructure-watched its crypto token fall over 90% in value after some enterprising villain decided that minting billions of unauthorized tokens was the new black. Spoiler alert: it wasn’t.
On Tuesday (because no good chaos ever starts on a Monday), UXLink announced it had sniffed out a breach involving their multisignature wallet. Apparently, thieves with the subtlety of a troll in a china shop were transferring crypto faster than a novice troll buying a new club-both to centralized exchanges and their chaotic cousins, decentralized exchanges (DEXs). The audacity!
With all the poise of a town crier who just discovered he lost his bell, UXLink reached out to exchanges to freeze the suspicious deposits and politely asked the law to get involved. Some of the stolen booty was even frozen-presumably not by magic, but close enough.
“A large portion of the stolen assets has already been frozen, and collaboration with exchanges remains strong,” UXLink declared, as if winter were coming and this were a very serious matter indeed.
From multisig breach to mass token minting
Once the breach was confirmed, UXLink swiftly pointed out that the attacker had taken to minting unauthorized tokens like a goblin in a gold mine. Blockchain security company PeckShield chimed in, noting that the hacker’s first prank was minting a billion UXLINK tokens-a modest start-before reminding everyone (in no uncertain terms) to steer clear of interacting with these coins lest bad luck befall you.
Not satisfied with a mere billion, the miscreant promptly minted another billion tokens. And then some. The onchain detectives at Hacken estimated the total minted tokens approached a staggering 10 trillion-a number so large it might as well be “a lot.”
You might expect our cunning villain to have made a killing, but no. Despite minting enough tokens to cover a small nation’s expenses for a century, the hacker allegedly swapped a mere 9.95 trillion tokens for 16 Ether (ETH)-about $67,000 worth. Yes, you read that right. Deep pockets? Maybe not so much.
UXLink, gallantly donning their hero cape, asked centralized exchanges to temporarily suspend trading of the token and announced plans for a token swap, presumably to save their ecosystem before it inevitably implodes like a badly worded spell.
Price crash and twist in the attack
Amidst the tumbling tokens, UXLINK’s price plummeted like a novice wizard’s failed spell, dropping 90% from $0.33 to a pitiful $0.033. By the time this story was whispered into existence, the token had clawed back to $0.11-still far from inspiring confidence, but hey, it’s progress.
Oh, but the plot thickens! While the attacker was busy creating trillions of tokens faster than a caffeinated dwarf at a forge, onchain analysis outfit Lookonchain spotted that our hapless villain got phished-losing over 500 billion UXLINK tokens to an even sneakier trickster. Because in the end, even the baddies can get bamboozled. That’s blockchain karma for you. 😏
UXLink asks users to stay alert and follow official channels
UXLink, presumably clutching their robes tightly, reassured their users that no individual wallets appeared affected by the shenanigans. Still, they advised everyone to stay alert and drink exclusively from the tap of official communication channels (not from the dubious well of random internet gossip).
The brave company is busily crafting a token swap plan and promises a grand announcement soon-almost like a wizard promising to reveal the secrets of immortality, but with more spreadsheets and fewer dragons.
In their most recent update, UXLink revealed they’d submitted a new smart contract for a security audit. This shiny new contract will have a fixed supply, ensuring no more tokens ever pop into existence like rabbits from a hat. Surely foolproof-except for the usual wizards and trolls.
As if this weren’t enough excitement, UXLink is also preparing a comprehensive incident report with their security partners, because every good chaos needs an official report wrapped in a blanket of legalese.
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2025-09-23 15:38