{"content":"Upbit, South Korea’s largest crypto exchange, placed $UXLINK on a trading warning list following an $11 million hack on its web3 social app. The token crashed nearly 70%, trading around $0.094. Upbit cited failure by UXLINK’s issuer to disclose key information, suspending deposits and flagging investment risks to protect users. Hacker control of minting role led to over 2 billion new $UXLINK tokens minted on Arbitrum, drastically increasing supply and driving prices down. Collaboration with blockchain analytics firm PeckShield is ongoing to track stolen tokens and aid recovery. User wallets remain safe with plans for compensation underway.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/23/25aa0a567e7447bcb2a1faeacbcecf86.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}