The post UXLINK considers unlocking tokens for users affected by hack in restart plan appeared on BitcoinEthereumNews.com.

UXLINK has announced a community governance vote via Snapshot that is expected to go live on October 4, 2025. It will be open to Ethereum mainnet $UXLINK holders. The vote is part of the platform’s attempt to do damage control as it struggles to right itself after an exploit caused millions more tokens to be minted and sold.  UXLINK revealed plans to take the snapshot vote on X earlier today, October 3. According to the post, community members will decide between having an early unlocking of a portion of tokens for those affected by the hack using all recovered funds (from exchanges), litigable team’s and treasure’s proportion for compensation.  If the majority goes with the first option, the team wrote that it would be covered in the swap & compensation plans with CEXs and on-chain users. “We will try our best to resume new UXLINK trading on most exchanges and encourage our existing holders to vote. We’re committed to fairness and transparency throughout the swap and compensation process.” Members are split over the vote  The vote is an effort from the platform to shore up the damage caused by an exploit that happened last month. However, community sentiment is split.  Analysts have warned that if the early unlock is successful, 5–10% of the supply may enter circulation earlier than anticipated, which raises concerns about dilution, even though it will also allow for quicker compensation and possible relistings on exchanges.  That could stabilize sentiment and encourage recovery similar to other post-hack rebounds. However, there is a potential for further decline if the proposal is rejected or relistings are pushed back.  Analysts say true recovery will ultimately depend on whether governance offers a credible route to restoring liquidity and exchange access. The UXLINK exploit has been eventful  The UXLINK exploit was a…

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Filed under: News - @ October 3, 2025 3:25 pm