WEMIX attacker moves tokens across chains and sells them as protocol interactions are halted

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.