WEMIX and Garden Finance Breaches Highlight Growing Crypto Security Risks

The cryptocurrency space has seen another series of security incidents in 2026, with two notable breaches occurring over the weekend. WEMIX disclosed a contract compromise that led to the unauthorized issuance of 5,225,525 WEMIX$.

This supply was then converted into 30,736 WEMIX and 724,198.27 USDC.e, which moved through bridges to Ethereum and BSC before reaching centralized exchanges. The company has suspended all bridges connected to WEMIX3.0, as well as Chainlink CCIP and the PLAY Bridge.

Meanwhile, Garden Finance took its app offline after Blockaid flagged an exploit that drained about $450,000 in USDT across various blockchain networks.

The incidents are part of a larger trend in 2026, with TRM Labs logging 207 hacks in the first half of the year, more than double the 83 recorded in the same period last year. Despite this increase in frequency, total hack losses have decreased to roughly $972 million from $2.3 billion in H1 2025.