WEMIX Halts Trading and Bridge Operations After Contract Breach Mints $6.25 Million in Tokens
WEMIX, the blockchain network backed by South Korean gaming firm Wemade, confirmed that an attacker compromised the WEMIX smart contract’s owner privileges on July 26. The breach allowed the actor to mint and transfer approximately $6.25 million worth of WEMIX tokens.
The company suspended bridge and trading services on July 27 after the attacker moved roughly $724,000, freezing network funds and halting operations. WEMIX has identified the affected wallet addresses and is coordinating with exchanges and blockchain security firms to trace the funds, with potential law enforcement involvement if necessary.
From the sources (6 posts)
@cointelegraph🚨 ALERT: WEMIX is investigating a potential security breach after signs its WEMIX$ contract ownership may have been compromised.
@coinbureau⚠️ALERT: WEMIX smart contract exploited for $6.25 MILLION. South Korean gaming giant Wemade backed blockchain ecosystem,WEMIX, confirmed a smart contract compromise that allowed an attacker to illegally mint and transfer approximately $6.2
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@cointelegraph🚨 UPDATE: WEMIX suspends bridges and trading after an attacker breached a linked contract and moved roughly $724,000, freezing funds and pausing services network-wide.
@wublockchainSource:
@wublockchainWEMIX Contract Owner Privileges Compromised, $6.25M in Tokens Illegally Minted and Transferred WEMIX, the blockchain ecosystem backed by South Korean listed gaming company Wemade, confirmed a security incident involving its smart contract.