UXLINK has changed its contract and issued a new token.
The snapshot of the address before the additional issuance maps to the new token.
The whole process feels like UXLINK knows how to play the game,
like a self-directed performance where they earn a wave and then issue again to earn another wave.
However, issuing a new token again feels like the market won't buy it anymore.
After all, when such things happen once, there is no room for recovery, and it can be devastating for the brand.
Unless the project team permanently discards the original UXLINK permissions, buys back the tokens issued in the market, and destroys them, creating wealth once more, it might still be able to continue operating.
Security Notice – Update 6
We would like to share the latest progress on the UXLINK token migration:
1. The new UXLINK smart contract is ready.
Contract address: 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3
2. The UXLINK incident report has been submitted to DAXA and major exchanges.
3. The UXLINK migration plan has also been submitted to major exchanges.
Token Swap Principles & Schedule
4.1 CEX and on-chain users holding legally circulated UXLINK tokens will receive a 1:1 swap.
Current total circulation: 479,713,462 UXLINK (based on the white paper).
4.2 Tokens identified as illegally issued will not be eligible for the swap.
4.3 Most of the stolen, unlocked UXLINK tokens have been suspended.
We are aware that some of these tokens are still being traded.
A separate compensation plan will be provided for affected users.
4.4 As each exchange follows its own internal processes and regulatory requirements, swap schedules may vary across platforms.
4.5 An official swap portal for on-chain users will be launched within 5 working days.
Additional Actions
We are working closely with regulators in Singapore, Korea, and Japan, as well as leading security experts, to freeze and monitor hacker-associated wallets.
An additional compensation plan will be launched based on the assets recovered, to further support and protect our community.
We remain fully committed to providing our community and partners with timely, transparent, and accurate updates throughout the migration process.
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