- An attacker compromised a WEMIX$-linked contract, issuing unauthorized tokens and moving approximately $724,000 in USDC.e.
- The attacker bridged stolen funds to Ethereum and BNB Smart Chain, converting them to Ether and USDT before distributing across multiple addresses.
- WEMIX suspended bridges, liquidity-pool trading, and multiple services while requesting asset freezes from exchanges and stablecoin issuers.
Layer-1 blockchain network WEMIX reported that an attacker compromised ownership of a contract linked to its WEMIX$ stablecoin and moved about $724,000 in USDC.e tokens. The incident occurred on Sunday at 9:17 UTC, according to a preliminary update from the company.
The attacker issued approximately 5.23 million WEMIX$ tokens without authorization, converting them into 30,736 WEMIX and 724,198.27 USDC.e. Consequently, the USDC.e was bridged to Ethereum and BNB Smart Chain before being exchanged for assets including Ether and Tether‘s USDT, then distributed across multiple wallets.
WEMIX stated that some of the stolen funds were deposited into centralized exchanges. The company identified the attacker’s wallets and requested asset freezes and assistance from exchanges and stablecoin issuers, adding that some exchanges had already frozen addresses linked to the incident. Meanwhile, WEMIX suspended bridges, liquidity-pool trading, and several other services in response to the breach.
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