WEMIX$ Stablecoin Exploit Forces WEMIX to Freeze Bridges and Halt Trading
WEMIX has confirmed a security incident where over 5 million WEMIX$ stablecoins were minted without authorization due to a compromised contract. The attacker converted these tokens to USDC.e and ETH, moving them off-chain. In response, WEMIX has frozen bridges and halted trading to contain the breach, while investigations and wallet tracing are ongoing.
- Entities
- Company: Wemade
- Game: WEMIX
- Topic: Cybersecurity
- Topic: Stablecoin Exploit
- Topic: Blockchain
- Company: WEMIX PTE. LTD.
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