In just two days, over 100 million USD evaporated as UXLINK and SFUND faced consecutive hacker attacks. How can the encryption dark forest prevent hidden dangers?Author: Frank, PANews
On September 22, in the cryptocurrency market, the chill from the abrupt daytime decline had not dissipated, and the night brought new frost.
On the evening of September 22, the highly anticipated SocialFi project UXLINK suffered a hacker attack. The attacker exploited a contract vulnerability to steal $4 million worth of assets from the project's treasury, and artificially minted up to 100 trillion tokens, significantly dumping them on-chain to extract funds from the liquidity pool, ultimately profiting over $11 million. As soon as the news broke, market confidence collapsed instantly, with the price of UXLINK tokens plummeting by more than 80% in just a few hours, causing the market capitalization to evaporate from around $140 million to $16.8 million. However, the hacker storm was not yet over. Just 24 hours later, on the evening of September 23, the native token SFUND of the established Launchpad platform Seedify.fund also fell victim.
PANews·2025-09-24 03:24