WEMIX Contract Compromised in $724,000 Attack
WEMIX, a Layer-1 blockchain network, reported that an attacker compromised ownership of a contract linked to its WEMIX$ stablecoin and issued unauthorized tokens. The incident occurred on Sunday at 9:17 UTC.
The attacker moved about $724,000 in USDC.e tokens, which were then bridged to Ethereum and BNB Smart Chain before being exchanged for assets including Ether and Tether's USDT.
WEMIX temporarily suspended all bridges connected to its layer-1 network, WEMIX3.0, including Chainlink CCIP and the PLAY Bridge. Trading in affected liquidity pools was also halted, along with services such as the WEMIX$ Module and PNIX decentralized exchange.
The company identified the attacker's wallets and requested asset freezes from exchanges and stablecoin issuers, adding that some exchanges had already frozen addresses linked to the incident.
WEMIX emphasized that the cause and full impact of the breach remain under investigation and warned that preliminary figures could change.