Hacker Strikes UXLink, Then Falls Victim to Phishing Trap

Crypto News Exploits

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 24, 2025

Key Takeaways

UXLink suffered a security breach that allowed a hacker to mint nearly 10 trillion tokens, which crashed the token’s value by over 90%;
The attacker transfered stolen funds to exchanges, but some assets were frozen after UXLink contacted platforms and authorities;
In a twist, the hacker lost 500 billion tokens to a phishing scam while exploiting UXLink’s system.

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Hacker Strikes UXLink, Then Falls Victim to Phishing Trap

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On September 23, a security breach occurred at UXLink, a Web3-based social platform that uses artificial intelligence (AI).

The incident led to the unauthorized creation of its native cryptocurrency, which caused its value to fall by more than 90%.

The issue began when the platform’s team detected a compromise in its multisignature wallet. Later, they noticed large sums of cryptocurrency being moved without permission to centralized and decentralized exchanges.

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UXLink contacted these platforms to freeze suspicious transactions and also involved law enforcement. According to the company, several exchanges were able to halt the transfer of a portion of the stolen assets.

After confirming the wallet breach, the team reported that the attacker had begun creating new UXLINK tokens without approval.

PeckShield initially recorded the minting of 1 billion tokens and later noted that another 1 billion had been added. However, blockchain analysts at Hacken observed that the attacker minted nearly 10 trillion tokens in total.

Despite generating such a large number of tokens, the attacker only exchanged about 9.95 trillion of them for 16 Ethereum ETH $2,990.14 , worth roughly $67,000.

In response, UXLink requested that exchanges pause trading of its token. The company also said it is preparing a token replacement plan to prevent further damage.

In its final update, UXLink mentioned submitting a new smart contract for a security review.

Ironically, while carrying out the exploit, the attacker themselves became a victim. Lookonchain showed that the hacker lost over 500 billion UXLINK tokens to a phishing scam.

Recently, Raivo Plavnieks, a Latvian content creator raising money for cancer care, lost over $31,000 in crypto. How? Read the full story.