Ethereum-Based UXLINK Completes Critical Security Audit Following $11.3M Exploit, Paving Way for Token Migration and Recovery

UXLINK has successfully completed a comprehensive security audit for its redesigned Ethereum-based token contract, marking a pivotal milestone in its recovery journey after suffering a devastating $11.3 million exploit on September 22. The audit validates the elimination of the vulnerable mint-burn function and establishes a fixed token supply, with migration procedures now being coordinated with centralized exchanges. This development represents a significant step toward restoring investor confidence and stabilizing the project's ethereum infrastructure following the security breach that allowed unauthorized minting of billions of tokens. The audit completion comes as the project works to implement robust security measures and transparent migration processes, demonstrating UXLINK's commitment to rebuilding its ecosystem on a more secure Ethereum foundation. The timing of this achievement, just days after the one-year anniversary of the exploit, highlights the project's determined recovery efforts and its strategic focus on strengthening its Ethereum-based infrastructure for long-term sustainability.

UXLINK Completes Smart Contract Audit Ahead of Token Migration

UXLINK has finalized a security audit for its redesigned token contract, marking a critical step toward recovery after a September 22 exploit drained $11.3 million and enabled unauthorized minting of billions of tokens. The new Ethereum-based contract eliminates the mint-burn function and establishes a fixed supply, with migration details being shared with centralized exchanges.

In a bizarre twist, the attacker later lost 542 million UXLINK tokens to a phishing scam. The team has maintained the UXLINK ticker for continuity and is engaging with Korea's Digital Asset eXchange Association regarding the incident. The mainnet deployment proceeds as part of an emergency token-swap plan following the multi-signature breach.

Ozak AI Emerges as a Disruptive Force in Crypto, Outshining Ethereum ETF Hype

The cryptocurrency market is witnessing a seismic shift as Ozak AI gains unprecedented traction, positioning itself as a more compelling opportunity than Ethereum ETFs. With its innovative fusion of artificial intelligence and decentralized physical infrastructure (DePIN), the project has demonstrated explosive growth during its presale phases—surpassing 900% returns for early investors and targeting a staggering 20,000x ROI at launch.

Presale momentum underscores institutional confidence: 917 million tokens sold, raising $3.4 million across six pricing tiers. The current Stage 6 offering at $0.012 precedes an imminent jump to $0.014, with the project's 1 billion token supply creating artificial scarcity. This isn't speculative vaporware—it's a rapidly maturing ecosystem rewriting crypto investment theses for 2025.

USDC Treasury Burns 54.47 Million Tokens to Stabilize $1 Peg

The USDC Treasury executed a strategic burn of 54.47 million USDC tokens on the Ethereum blockchain, reinforcing the stablecoin's $1 peg. This supply reduction aligns with demand without disrupting market liquidity, underscoring USDC's reliability in both DeFi and TradFi ecosystems.

On-chain analytics confirm the burn was absorbed seamlessly, with no volatility in Total Value Locked (TVL) or swap spreads. Such precision in supply management reflects the maturity of stablecoin governance frameworks.

Ethereum ETFs Shatter Records with $534M Daily Inflows as Institutional Demand Surges

Ethereum exchange-traded funds are rewriting the crypto investment playbook. Daily inflows skyrocketed to $534 million this week - the third-largest single-day haul since launch - now commanding 15% of ETH's spot market volume versus just 3% during their debut last year.

This tidal wave of institutional capital has pushed cumulative flows past $13.9 billion, fundamentally altering crypto's investment landscape. The products rebounded sharply from $75.95 million in outflows earlier in the week, demonstrating remarkable resilience amid market volatility.

Regulated exposure to Ethereum appears increasingly non-negotiable for institutional portfolios. The velocity of adoption suggests ETH ETFs are transitioning from novel products to Core holdings, with daily volumes now rivaling traditional asset classes.