WEMIX hit a major blow when hackers breached their stablecoin contract, siphoning over $700K in USDC — forcing them to shut down key bridges, liquidity pools, and services like the WEMIX dollar module and PNIX DEX. The company is still investigating, with initial figures likely to change, while they’ve alerted exchanges to freeze stolen funds — some have already complied. This incident underscores the persistent risks in crypto, even with top-tier security.
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