PANews reported on September 30th that according to the official announcement of UXLINK, in response to recent security incidents, the project has launched a migration and compensation plan:
- Users who purchase and hold UXLINK (as of 10:55 AM Beijing Time on September 22, 2025) will receive 1:1 compensation.
- For users who purchased UXLINK between 10:55 and 13:40 on September 22, 2025, their compensation will be calculated based on the difference between the purchase price and the time-weighted average price (TWAP) thereafter.
- Compensation funds come from stolen assets that have been frozen and returned.
- The migration plan for CEX users is gradually being launched, and the on-chain migration portal will be open on October 1st.
- Within 5 working days after the on-chain migration channel goes online, a community vote will be held to determine the details of the compensation plan.
- For users who purchased UXLINK after 13:40 on September 22, 2025, the compensation plan will be determined through community discussion and voting.
Key dates in this incident include: 10:55 AM (Beijing Time) on September 22nd (the first hacker transaction) and 1:40 PM (the first official announcement). The project team pledges to continue to maintain transparent and timely communication to maintain community trust.
