PANews reported on September 30th that according to the official announcement of UXLINK, in response to recent security incidents, the project has launched a migration and compensation plan: Users who purchase and hold UXLINK (as of 10:55 AM Beijing Time on September 22, 2025) will receive 1:1 compensation. For users who purchased UXLINK between 10:55 and 13:40 on September 22, 2025, their compensation will be calculated based on the difference between the purchase price and the time-weighted average price (TWAP) thereafter. Compensation funds come from stolen assets that have been frozen and returned. The migration plan for CEX users is gradually being launched, and the on-chain migration portal will be open on October 1st. Within 5 working days after the on-chain migration channel goes online, a community vote will be held to determine the details of the compensation plan. For users who purchased UXLINK after 13:40 on September 22, 2025, the compensation plan will be determined through community discussion and voting. Key dates in this incident include: 10:55 AM (Beijing Time) on September 22nd (the first hacker transaction) and 1:40 PM (the first official announcement). The project team pledges to continue to maintain transparent and timely communication to maintain community trust.PANews reported on September 30th that according to the official announcement of UXLINK, in response to recent security incidents, the project has launched a migration and compensation plan: Users who purchase and hold UXLINK (as of 10:55 AM Beijing Time on September 22, 2025) will receive 1:1 compensation. For users who purchased UXLINK between 10:55 and 13:40 on September 22, 2025, their compensation will be calculated based on the difference between the purchase price and the time-weighted average price (TWAP) thereafter. Compensation funds come from stolen assets that have been frozen and returned. The migration plan for CEX users is gradually being launched, and the on-chain migration portal will be open on October 1st. Within 5 working days after the on-chain migration channel goes online, a community vote will be held to determine the details of the compensation plan. For users who purchased UXLINK after 13:40 on September 22, 2025, the compensation plan will be determined through community discussion and voting. Key dates in this incident include: 10:55 AM (Beijing Time) on September 22nd (the first hacker transaction) and 1:40 PM (the first official announcement). The project team pledges to continue to maintain transparent and timely communication to maintain community trust.
UXLINK releases details of migration and compensation plan
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PANews reported on September 30th that according to the official announcement of UXLINK, in response to recent security incidents, the project has launched a migration and compensation plan:
- Users who purchase and hold UXLINK (as of 10:55 AM Beijing Time on September 22, 2025) will receive 1:1 compensation.
- For users who purchased UXLINK between 10:55 and 13:40 on September 22, 2025, their compensation will be calculated based on the difference between the purchase price and the time-weighted average price (TWAP) thereafter.
- Compensation funds come from stolen assets that have been frozen and returned.
- The migration plan for CEX users is gradually being launched, and the on-chain migration portal will be open on October 1st.
- Within 5 working days after the on-chain migration channel goes online, a community vote will be held to determine the details of the compensation plan.
- For users who purchased UXLINK after 13:40 on September 22, 2025, the compensation plan will be determined through community discussion and voting.
Key dates in this incident include: 10:55 AM (Beijing Time) on September 22nd (the first hacker transaction) and 1:40 PM (the first official announcement). The project team pledges to continue to maintain transparent and timely communication to maintain community trust.
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