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by: xpoolPosted on: October 6, 2025

Web3 Platform Uses Community Vote to Unlock Tokens After Major Hack

In a move marking a significant shift in Web3 governance, the UXLINK platform has engaged its token holders in a community vote to determine how to recover from a $11 million security breach. The proposal seeks to unlock a portion of locked tokens to fund reimbursements and stabilize liquidity, effectively turning token governance into a rescue mechanism.

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  3. Web3 Security: Navigating the Rise in Smart Contract Risks
  4. Binance’s Zhao Calls for Stronger Cybersecurity Amid Web2 Vulnerability Concerns
Crypto Security Governance Web3

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