UXLINK experienced a severe security breach in its multi-signature wallet, leading to unauthorized token minting and the illicit transfer of a 'significant amount' of crypto assets (estimated at $11.3 million) to both centralized and decentralized exchanges. The attack triggered an immediate 77% crash in UXLINK’s native token price—plummeting from $0.3 to $0.072—before a partial rebound. While the team froze a large portion of stolen assets and collaborated with exchanges (e.g., PeckShield) to mitigate damage, the incident forced emergency measures, including trading suspensions and a token swap plan. Authorities were notified, and users were warned against trading on DEXs to avoid losses from unauthorized tokens. The breach did not target individual user wallets, but the financial and reputational harm was substantial, with long-term trust erosion likely due to the exploit’s scale and the project’s reliance on third-party security interventions.