UXLINK completes new contract deployment and announces token migration and compensation plan

According to Odaily, UXLINK has released an update stating that it has completed the deployment of a new smart contract (address: 0x3991…Feb 3) and submitted an incident report and migration plan to DAXA and several major exchanges. Legally circulating tokens will be exchanged at a 1:1 ratio, with a total of 479,713,462 tokens. Illegally issued and stolen tokens will not be exchanged, and some have been suspended from circulation. The official on-chain exchange portal will be launched within five business days. The team will also launch a compensation plan based on recovered assets and is working with regulators in Singapore, South Korea, and Japan to freeze wallets associated with the hack.