UXLINK (UXLINK) fell 76.57% in the last 24 hours.

Gate News Bot news, on September 23, according to CoinMarketCap, as of the time of writing, UXLINK (UXLINK) is currently priced at $0.08, falling 76.57% within 24 hours, with a high of $0.34 and a low of $0.08. The current market capitalization is approximately $37.1 million.

UXLINK is the largest Web3 social platform and infrastructure, the place where super applications take off. It connects users, developers, and real-life scenarios related to daily needs, serving as a Web3 social platform and infrastructure for both users and developers.

Important news about UXLINK recently:

1️⃣ UXLINK suspected of being hacked, losses exceed ten million dollars On September 23, the UXLINK project was suspected of being attacked by hackers, with approximately $11.3 million in funds stolen. The attacker removed the administrator role by executing deleGateCall, and then called the “addOwnerWithThreshold” function to transfer a large amount of assets, including 4 million USDT, 500,000 USDC, 3.7 WBTC, and 25 ETH. All USDC and USDT have been transferred.

2️⃣ UXLINK market capitalization falls, short-term drop exceeds 44% Affected by security incidents, the price of UXLINK token has experienced a cliff-like fall. In a short period, UXLINK has dropped by over 44%, causing the project's market capitalization to rapidly shrink from its previous high to 86 million dollars.

3️⃣ The project faces a crisis of trust, and its future development is in doubt This security incident has exposed significant vulnerabilities in UXLINK regarding contract security and fund management. As a project committed to building a Web3 social platform and infrastructure, such a serious security issue may severely undermine investor confidence and affect its future development.

From a technical perspective, the price of UXLINK has fallen below several important support levels and may face further downward pressure in the short term. The project's handling of this event and subsequent security measures will be key factors in determining whether UXLINK can regain market confidence.

This message is not intended as investment advice; investors should be aware of market volatility risks.