Wemix said an attacker exploited compromised privileges tied to a smart contract associated with its stablecoin, minting tokens without authorization and moving roughly $724,198 worth of assets across multiple chains—an incident that has prompted bridge suspensions and coordination requests to exchanges and stablecoin issuers.
In an incident update released Sunday, Wemix reported that the attacker breached ownership control of a contract linked to ‘Wemix Dollar’ and transferred about 724,198.27 USDC.e. The abnormal transactions occurred at around 9:17 a.m. UTC on Sunday, according to the… Read more
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