WEMIX Contract Breach Results in Unauthorized Token Issuance

A WEMIX contract was compromised by an attacker on Sunday at 9:17 UTC, resulting in the unauthorized issuance of approximately 5.23 million WEMIX$ tokens.

The attacker then converted these tokens into 724,198 USDC.e and 30,736 WEMIX, which were bridged to Ethereum and BNB Smart Chain before being exchanged for other assets including Ether and Tether's USDT.

WEMIX has temporarily suspended all bridges connected to its layer-1 network, including Chainlink CCIP and the PLAY Bridge, as well as trading in affected liquidity pools, foundation-provided liquidity, and services such as the WEMIX$ Module and PNIX decentralized exchange.