WEMIX Hacked Again: $724K Stolen in Latest Stablecoin Breach

A second major security breach in under two years has hit blockchain gaming network WEMIX. On July 26, an attacker gained owner-level control of a WEMIX$ stablecoin contract and minted 5.23 million tokens without authorization.

The attacker then converted the newly created tokens into 30,736 WEMIX and 724,198 USDC.e before bridging them to Ethereum and BNB Smart Chain. Some of the stolen assets were swapped into Ether and Tether's USDT and spread across multiple wallet addresses.

WEMIX has suspended all bridges, liquidity pools, and related services, including the PNIX exchange and WEMIX$ Module, while it investigates the breach. The company has also frozen affected funds and paused key services.

The breach comes just over a year after a 2025 hack that cost WEMIX roughly $6 million and led to delistings on major South Korean exchanges.