UXLINK denies rug pull rumors, blames external hack for September exploit

Web3 social platform UXLINK has stated that the theft of approximately $11 million in assets on Sept. 22 was the result of an external hack, not an internal incident. According to CEO Rolland Saf, the hacker posed as a business partner and used deepfake video conferences to compromise a team member's Telegram account and personal device. This allowed the attacker to seize control of the smart contract and illegally mint billions of arb-UXLINK tokens, inflating the total supply to over 10.006 trillion. The breach also led to unauthorized access to treasury and ecosystem funds. Rolland Saf emphasized that UXLINK is a project with real revenue and a global user base, refuting allegations of a rug pull. UXLINK said it responded immediately during Korea Blockchain Week (KBW) by coordinating with exchanges, security firms, and multinational law enforcement. The company has since rebuilt its smart contract and restored 479 million circulating UXLINK tokens on a one-to-one basis. Additionally, following a governance vote, 12% of tokens were unlocked early to compensate users, and some recovered assets were used for a buyback.