
The post UXLINK Hacked: Over $11 Million Stolen, Token Price Crash by 70% appeared first on Coinpedia Fintech News
The Web3 social infrastructure project UXLINK fell victim to a massive hack on September 22, 2025. Hackers managed to drain over $11.3 million worth of assets, including stablecoins, ETH, WBTC, and millions of UXLINK tokens, by targeting its multi-signature wallet.
The news sparked panic across the community, crashing the UXLINK token value by more than 70%.
Blockchain security firms revealed that hackers gained access to UXLINK’s multi-signature admin wallet by exploiting a “delegateCall” vulnerability. This allowed the attackers to remove current administrators and install their own address as the new owner, seizing full control of the wallet.
They quickly drained $11.3 million in assets, including around $4.5 million in stablecoins and sizable chunks of ETH and WBTC, while stealing 490 million native UXLINK tokens.
