UXLINK's Community-Driven Fairness Vote to Shape Post-Hack Recovery

UXLINK has initiated a governance vote to compensate affected users and is actively working to restore trading of its token on centralized exchanges (CEX) following a security breach on September 22, 2025. The platform announced a structured recovery plan to secure early token holders and fairly compensate impacted traders, emphasizing transparency and community governance. The incident involved unauthorized transfers from a multi-signature wallet, prompting urgent collaboration with exchanges to freeze suspicious deposits and notify law enforcement. UXLINK has since outlined a migration and compensation framework, distinguishing users based on their token acquisition timelines relative to the breach.

Under the proposed plan, users who held UXLINK prior to the hack (before 2:55 PM UTC on September 22) will receive 1:1 compensation for their holdings. For those who purchased and held tokens during the hack window (between 2:55 PM and 5:40 PM UTC on September 22), compensation will be calculated based on the difference between their purchase price and the time-weighted average price (TWAP) after the public announcement. Funds for these compensations will be sourced from assets frozen and returned by cooperating exchanges. The platform has already commenced CEX user migration, with an on-chain migration portal set to launch on October 1, 2025, allowing holders to securely swap tokens.

Community governance will play a pivotal role in finalizing the compensation strategy. A vote within five days of the on-chain portal's launch will determine the specific method for compensating users who bought during the hack period. Additionally, terms for users who acquired UXLINK after 5:40 PM UTC on September 22 will be decided through community discussions and voting. This approach underscores UXLINK's commitment to decentralization and user participation in critical decision-making.

The recovery plan includes a contract migration to the Ethereum mainnet, redeeming 1 billion UXLINK tokens at a 1:1 ratio. The new contract eliminates the burn mechanism but retains cross-chain functionality, enabling manual or web portal-based redemptions for CEX and on-chain users. The first batch of CEX redemptions is expected to be completed within 1-5 business days, contingent on exchange cooperation. UXLINK is also recovering assets sold via decentralized exchanges, cross-chain bridges, and CEXs, with further compensation plans to be announced based on recovery progress.

Key milestones include the October 1 launch of the on-chain migration portal and a community vote on compensation details within five days. The platform aims to balance fairness among early holders and affected purchasers while maintaining transparency through governance and exchange coordination. By prioritizing user trust and long-term credibility, UXLINK's structured approach seeks to mitigate the impact of the breach and reinforce confidence in its ecosystem.