TechFlow news, September 25 — According to official disclosure from UXLINK, the project has released a contract migration plan to deploy a new contract on the Ethereum mainnet. The total token supply will remain unchanged at 1 billion, with a 1:1 exchange ratio from the old contract. The new contract removes minting and burning functionality and will maintain cross-chain capabilities through cross-chain partner services.
The migration plan consists of two parts: centralized exchanges will calculate the total amount of UXLINK held on their platforms, receive new tokens after excluding tokens deposited by hacker addresses, with the first batch of exchanges expected to complete within 1–5 business days; on-chain users will gain 1:1 redemption eligibility via a snapshot mechanism, and the redemption tool is expected to go live within 5 business days.
UXLINK stated that most of the stolen unlocked tokens have been suspended. The team is actively recovering assets sold by the hacker through decentralized exchanges, cross-chain bridges, and centralized exchanges, and will provide community compensation plans—including buyback programs and staking rewards—based on recovery progress.
