WEMIX contract ownership compromised; over 5.22 million WEMIX minted and funds transferred to Ethereum and BSC.

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WEMIX reported a contract ownership breach, resulting in the unauthorized minting of 5,225,525 tokens. The stolen funds were converted into WEMIX and USDC.e, then transferred to Ethereum and BSC via cross-chain bridges. Assets were partially moved to centralized exchanges. The team is monitoring the attacker’s wallet and has requested asset freezes. A full investigation is underway with external experts. WEMIX’s token price dropped 16.65% within 24 hours. The incident has reignited attention on Ethereum ecosystem developments and cross-chain security risks.

Huo Xing Finance reports that the Korean blockchain gaming platform WEMIX has updated its status regarding anomalous transactions and response measures. The investigation revealed that ownership of contracts related to WEMIX was compromised, resulting in unauthorized minting of approximately 5,225,525 WEMIX tokens, which were subsequently exchanged for about 30,736 WEMIX and 724,198.27 USDC.e. The stolen USDC.e was transferred via bridges to Ethereum and BSC, converted into assets such as ETH and USDT, and partially deposited into centralized exchanges. The attacker’s wallet and fund movements have been traced, and requests are being made to exchanges and stablecoin issuers to freeze the assets. The exact cause is still under investigation, with the team and external experts conducting a comprehensive review and examining related and similar contracts. Market data shows that the WEMIX token price declined by 16.65% over the past 24 hours.

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