UXLINK Hack: A New Era for Crypto Security and Regulation?
The UXLINK breach just hit us with an $11.3 million loss. Yup, you read that right. The token value plummeted by 70% after the exploit, and it’s got everyone talking. This isn’t just another blip in the crypto world; it raises big questions about security in DeFi and how these platforms are regulated. With Asia and Europe now on high alert, there’s a lot at stake for crypto businesses. Let’s unpack this.
The Financial Fallout
UXLINK, our unfortunate victim here, fell victim to a hack that occurred on September 22, 2025. Right after the breach, the attackers moved around $11.3 million worth of crypto. Yup, right out of the multisig wallet. The price of the token went from about $0.30 to $0.09, a 70% drop, erasing a market cap of…
