The UXLink ecosystem experienced a severe setback after hackers breached its multisignature wallet, resulting in an estimated $30 million in stolen assets and the minting of nearly 10 trillion UXLINK tokens. Following the breach, the value of the UXLINK token plummeted by 90%, dropping from $0.33 to $0.033. The company reported that while a significant portion of the stolen assets was frozen through collaboration with exchanges, the hacker lost over 500 billion UXLINK tokens due to a subsequent phishing attack. UXLink has since called for a temporary suspension of trading and is working on a token swap plan to stabilize its ecosystem, promising a new smart contract with a fixed supply to prevent future unauthorized minting. As the situation develops, the company emphasizes the importance of users following only official channels for updates.

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