UXLINK Advances Token Swap Plan Post-Hack, Prepares Compensation for Affected Users

UXLINK is accelerating recovery efforts following a significant security breach that compromised millions of its tokens. The protocol has finalized a new smart contract for its token migration, marking a critical step toward stabilizing its ecosystem. Legitimate token holders will receive a 1:1 swap, while stolen or illicitly issued tokens will be excluded from the process.

A two-phase compensation plan has been outlined, prioritizing immediate support for affected users followed by asset recovery efforts. The protocol has submitted incident reports to major exchanges and the Digital Asset eXchange Association (DAXA) to mitigate further risks and ensure transparency.

The new contract, deployed at address 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3, underscores UXLINK's commitment to restoring trust. Market participants are closely watching the execution of these measures, which could set a precedent for post-exploit recovery in decentralized finance.