Pour the oil in your deep fryer or a large skillet. Heat the oil up to 375º.
Pat the chicken wings dry with a paper towel. In a large bowl, toss with the garlic powder, onion powder, salt, and black pepper.
When the oil is preheated, carefully drop the chicken wings in. We want to fry them for about 10 minutes to give the skin the perfect crispiness.
While the wings are frying, make the glaze. Melt the butter in a saucepan over medium heat. Whisk in the flour and let cook for 1-2 minutes. Stir in the Sriracha, honey, lime juice, and soy sauce. Bring to a boil and simmer for about 3 minutes until it has thickened.
When the wings are finished frying, place them in a large bowl and toss with the glaze. Garnish with the sesame seeds. Serve immediately.