UXLINK detects malicious token issuance… urgent trading suspension and swap planned

UXLINK confirmed signs of unauthorized token mining and launched an emergency response.

On the 23rd, UXLINK said, "We have continuously detected a malicious actor illegally mining UXLINK tokens," and added, "We will take immediate action to protect the community and ecosystem."

The company said it has urgently requested major centralized exchanges (CEX) to temporarily suspend UXLINK trading, and that it will promptly begin a token swap plan to maintain the integrity of the token economy. Specific instructions will be provided via a later notice.

UXLINK urged, "All community members should be vigilant and check updates only on official channels."

That afternoon, UXLINK was trading at 143 won, down 67% from the previous day, according to CoinMarketCap.