UXLINK: Major CEX partners support token contract migration, and the new smart contract is undergoing security auditing

ChainCatcher message, UXLINK has released the latest progress on the UXLINK token contract migration: Currently, there is unauthorized issuance of UXLINK tokens, which not only violates the content of the UXLINK white paper but also undermines community consensus. Communication has been established with major CEX partners regarding the planned token swap, and they have all expressed full support.

A new smart contract has been submitted for security auditing. This new contract will set a fixed token supply to ensure that no additional tokens will be issued. At the same time, the usual mint-and-burn function, which is intended to protect community interests in cross-chain solutions, has been canceled. It is also responding to inquiries from the Digital Asset Exchange Association (DAXA) in South Korea and will collaborate with security expert partners to draft a comprehensive incident report. Previously, UXLINK stated that a multi-signature wallet had encountered a security vulnerability, resulting in the illegal transfer of funds.