Bitcoin ETFs See Surge in Inflows as WEMIX Faces Security Breach

Bitcoin spot ETFs saw $33.79 million in net inflows last week, led by Grayscale Bitcoin Mini Trust ($BTC) with a weekly net inflow of $85.78 million.

This brings the total historical net inflows for $BTC to $2.65 billion and highlights growing investor interest in the cryptocurrency market.

However, not all was smooth sailing as WEMIX confirmed that an attacker gained owner-level access to its stablecoin contract on July 26, resulting in unauthorized token minting and asset transfers of around $6.25 million.

The company has identified suspected wallets and is coordinating with exchanges and stablecoin issuers to freeze the affected assets.