Wemade Cryptocurrency 'WEMIX' Hacked Again, Losses in the Billions of Won

The cryptocurrency "WEMIX," issued by the Korean gaming company Wemade, has been hacked, resulting in damages estimated at several billion won. This incident follows a similar hacking case in March of the previous year, which caused about 9 billion won in damages, occurring approximately one year and four months ago.

On July 27, Wemix Foundation, a subsidiary of Wemade, announced on its official website that "5,225,525 WEMIX dollars (WEMIX$) were issued abnormally, converted to WEMIX and USDC.e, and withdrawn via a bridge." The Foundation added, "We are investigating the exact cause and circumstances of the incident," noting that "we have identified and are tracking the attacker's wallet and the route of the fund transfers, and have requested asset freezes and cooperation from relevant exchanges and the stablecoin issuer."

WEMIX dollar is a dollar-pegged stablecoin issued by Wemix Foundation, a subsidiary of Wemade. The total amount involved is approximately 7.7 billion won.

Previously, in March of the previous year, WEMIX had also suffered a large-scale hacking incident with losses totaling about 9 billion won. At the time, due to security concerns, WEMIX was delisted from the Digital Assets eXchange Alliance (DAXA), a consortium of Korean virtual asset exchanges.

This content was produced with the assistance of AI translation services.