UXLINK Loses 490 Million Tokens in Hack, 2 Billion Illegally Minted

In September 2025, UXLINK, a fast-growing Web3 social platform, faced one of the most damaging hacks in the crypto world. The attackers managed to steal millions of dollars in tokens and even minted billions of new ones without permission. This shocking event not only caused huge financial losses but also shook user trust in the platform’s security.

In this article, we will explain what happened, how the hack worked, the impact on the token price, and what UXLINK is  doing to recover. We will also answer common questions about the hack and what it means for crypto users everywhere.

What Happened in the UXLINK Hack?

The attack took place in September 2025. Hackers broke into UXLINK’s multi-signature wallet, a type of wallet that usually requires several people to approve any transaction. By finding a weakness, they removed the old administrators and added a new owner account they controlled. This gave them full access to the funds.

From this wallet, about $11.3 million worth of assets were stolen. This included popular cryptocurrencies like:

• Stablecoins such as USDT and USDC

• Wrapped Bitcoin (WBTC)

• Ether (ETH)

• UXLINK’s own tokens

Out of this, roughly $3 million in UXLINK tokens were stolen right away. The hacker wasted no time and started selling them on decentralised exchanges (DEXs).

Read Also: How to Buy UXLINK

UXLINK Loses 490 Million Tokens in Hack

As if stealing millions was not enough, the attacker also found a way to mint new tokens. Shockingly, they were able to create about 2 billion UXLINK tokens out of thin air. On top of that, they stole 490 million tokens from the wallet.

All these stolen and newly minted tokens were spread across multiple exchanges. This caused a massive drop in UXLINK’s token price and led to a market cap loss of more than $70 million. Investors and users who trusted the platform saw their holdings lose value almost instantly.

Why Did the Hack Work?

The key weakness was in UXLINK’s multi-signature wallet system. Normally, this setup is meant to protect funds by requiring more than one signature for any change. However, the hacker used a function called delegateCall to trick the system. 

This allowed them to remove the rightful administrators and replace them with themselves. Once they had control, they could move funds freely and even mint new tokens.

This shows that even advanced security tools like multi-sig wallets can be unsafe if the smart contract behind them has flaws.

Read Also: Trade UXLINK Futures – Win 1 BTC & Share

UXLINK Response

After the attack, UXLINK acted quickly. The team is now:

1. Working with exchanges: They contacted both centralised and decentralised exchanges to freeze suspicious deposits.

2. Cooperating with police and regulators: Law enforcement agencies have been involved to track down the hacker.

3. Investigating technical flaws: The development team is reviewing its smart contracts and wallet code to stop future attacks.

Despite these actions, the damage to the token’s value and the community’s trust has already been severe.

Impact on Users and the Market

Before the hack, UXLINK was celebrating strong growth, with over 55 million registered users worldwide. It was seen as one of the rising stars of Web3 social platforms. The hack, however, has created serious doubts about the platform’s safety.

• Investors lost confidence, leading to a quick sell-off of UXLINK tokens.

• Market cap dropped by $70 million, wiping out months of growth.

• User trust declined, as many questioned if their funds and data were truly safe.

Lessons from the Hack

The UXLINK incident teaches several important lessons for both crypto companies and everyday users:

• Smart contracts must be audited – Even small flaws can lead to major losses.

• Multi-signature wallets are not perfect – They add protection but can still be exploited if the code is weak.

• Transparency matters – Companies must update users quickly during crises to maintain trust.

• Diversification is key – Investors should avoid putting all funds into one token or platform.

Read Also: s Web3 Just a Buzzword or Revolution in the Digital Age?

Conclusion

The UXLINK hack in September 2025 is one of the largest crypto thefts of the year, with over $11 million stolen and billions of tokens minted illegally. While the company is working hard to recover, the event highlights the ongoing risks of decentralised finance and Web3 platforms. 

Security must always come first, because even one weakness can cause millions in losses. Stay safe, enjoy the crypto, but don’t confuse jokes with genuine investment opportunities with Bitrue.

FAQ

How much money was stolen in the UXLINK hack?

Around $11.3 million worth of crypto assets were stolen, including stablecoins, wrapped Bitcoin, Ether, and UXLINK tokens.

How many UXLINK tokens were minted illegally?

The hacker minted about 2 billion tokens without authorization and also stole 490 million tokens.

Why did the UXLINK hack cause such a big price crash?

The sudden selling of huge amounts of stolen and minted tokens flooded decentralised exchanges. This created too much supply, driving the price down rapidly.

Is UXLINK doing anything to recover the funds?

Yes, the team is working with exchanges to freeze suspicious accounts and with law enforcement to investigate the crime.