TechFlow news, September 23 — According to UXLINK, the project has issued its fourth security announcement, declaring it will conduct a token contract migration.
UXLINK stated that ongoing unauthorized minting activities have damaged the project's whitepaper and community consensus. The team has communicated with major centralized exchange partners regarding the planned token swap and has received full support.
The new smart contract has been submitted for security audit. This contract will set a fixed supply, ensuring no additional tokens will ever be created. The team has decided to abandon minting and burning functions typically used in cross-chain solutions to protect community interests.
In addition, UXLINK is responding to inquiries from the Korea Digital Asset Exchange Association (DAXA) and will jointly prepare a comprehensive incident report with security expert partners.
The team reminds users not to trade unauthorized tokens on decentralized exchanges and to take extra precautions to ensure wallet security.
