WEMIX has disclosed a fresh update on its recent exploit, saying the attacker obtained owner privileges on July 26 and minted about 5.225 million WEMIX$. The assets were then swapped into WEMIX and USDC.e, bridged to Ethereum and BNB Chain, and sold, with part of the funds ending up at exchanges. In response, the project has suspended all bridge services and liquidity pool trading. WEMIX also said multiple exchanges have frozen related addresses at its request, though it has not disclosed how much has been traced or recovered. The cause of the incident is still under investigation. The update follows earlier reports that more than 5 million tokens had been illicitly minted, and was cited by Techub with reference to crypto.news.
WEMIX has released a new update on its exploit, saying tokens minted in the attack have been moved across chains to Ethereum and BNB Chain and sold, with part of the funds flowing into exchanges.
Owner privileges were compromised on July 26
According to the project’s update, the attacker gained owner access to the contract on July 26 and minted about 5.225 million WEMIX$. The attacker then swapped those assets into WEMIX and USDC.e before moving them across chains for sales.
Bridge services and liquidity pool trading suspended
WEMIX said it has suspended all bridge services and liquidity pool trading. Multiple exchanges have also frozen related addresses at the project’s request, though the amount traced or recovered has not been disclosed.
The cause of the incident remains under investigation. Techub cited crypto.news in its report.
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