I can only play with $UXLINK as a meme, like the $LUNA of the year.
The hacker issued an additional $UXLINK to 1 trillion yuan and then held 99.42% of it, but now the pool in Swap is only a few thousand U. I advise hackers to obediently destroy 99% of the coins, otherwise they will not be able to sell the goods.
The uxlink project is quite unfortunate; it's hard to recover from this situation. It can be said that it created two firsts in this cycle. First, it was the first to successfully navigate the curve from small exchanges to Upbit to Binance contracts, and many projects started to imitate this path after uxlink. Secondly, it can also be considered the first epic pump project, rising from 0.1 to 4, and maintaining a trading volume in the top 5 on Upbit for several months. If it were just a theft, it wouldn't be a big issue; the project team has enough funds to compensate. Many projects, like Gala, have been hacked multiple times without significant damage. The key issue now is that hackers have directly taken control of the contract's minting tokens, leading to unlimited token issuance and a crash to zero, which is almost impossible to recover from. The economic model has been completely destroyed, and unlimited issuance cannot be repurchased. The project team announced that they have frozen all funds, and I foolishly jumped in to open a long position, only to find that they could still issue tokens infinitely, which led to my liquidation, resulting in a loss of 3WU😰. I strongly recommend that all project teams disable the minting function directly in the smart contract after the TGE to prevent future issues!
25.97K
9
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.