Market Cap: $2.9297T 0.130%
Volume(24h): $90.2537B -31.650%
  • Market Cap: $2.9297T 0.130%
  • Volume(24h): $90.2537B -31.650%
  • Fear & Greed Index:
  • Market Cap: $2.9297T 0.130%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$93215.179206 USD

0.38%

ethereum
ethereum

$1786.943555 USD

0.06%

tether
tether

$1.000175 USD

0.00%

xrp
xrp

$2.203069 USD

-0.65%

bnb
bnb

$605.391706 USD

-1.23%

solana
solana

$149.256425 USD

0.61%

usd-coin
usd-coin

$0.999535 USD

-0.03%

dogecoin
dogecoin

$0.174954 USD

-3.17%

cardano
cardano

$0.688461 USD

0.13%

tron
tron

$0.244971 USD

-1.16%

sui
sui

$3.000916 USD

9.45%

chainlink
chainlink

$14.767585 USD

3.50%

avalanche
avalanche

$22.085304 USD

-0.60%

unus-sed-leo
unus-sed-leo

$9.165805 USD

1.11%

stellar
stellar

$0.263078 USD

-1.40%

Cryptocurrency News Articles

WEMIX Blockchain Gaming Platform Suffers $6M Cyberattack

Mar 18, 2025 at 10:11 pm

Blockchain gaming platform WEMIX suffered a cyberattack last month, allowing threat actors to steal 8,654,860 WEMIX tokens, valued at approximately $6,100,000 at the time.

A cyberattack last month on blockchain gaming platform WEMIX allowed threat actors to steal 8,654,860 WEMIX tokens, valued at approximately $6,100,000 at the time.

The incident occurred on February 28, 2025, and affected a server used for managing blockchain assets, leading to the theft of WEMIX tokens, according to an announcement by WEMIX CEO Kim Seok-Hwan during a press conference yesterday.

The statement comes after rumors circulating online claimed a hack on WEMIX had been covered up for several months.

During the press conference, Kim Seok-Hwan explained that the delay in issuing a public announcement wasn't an attempt to cover it up, but rather a conscious choice to protect players from additional losses.

"As soon as we identified the hack on February 28, we immediately shut down the affected server and began a detailed analysis," said Kim Seok-Hwan.

"On the same day, we filed a criminal complaint with the Seoul Metropolitan Police Agency's Cyber Investigation Unit, and the National Office of Investigation is currently conducting an investigation."

"Since the exact infiltration method was not initially identified, an immediate public disclosure could have exposed us to further attacks."

"Additionally, most of the stolen assets had already been sold, impacting the market. Given the difficulty in guaranteeing that there were no further risks, an immediate disclosure could have caused market panic."

WEMIX is a blockchain-based gaming platform developed by Wemade, a South Korean game company.

The WEMIX ecosystem includes its own cryptocurrency, WEMIX token, and integrates blockchain technology into gaming, offering play-to-earn (P2E) models, NFT-based ownership, and decentralized finance (DeFi) features.

Wemade is best known for its hit title, "The Legend of Mir," but since the release of WEMIX, it has focused on blockchain-integrated titles that draw inspiration from the old game.

The most successful of those is MIR4, which has over five million downloads on Google Play alone.

Other blockchain-based games by Wemade include Night Crows (1 million downloads), Rise of Stars, Crypto Ball Z, and MIR M (discontinued).

In the network for two months

According to yesterday's press conference, hackers infiltrated WEMIX after they stole authentication keys used for monitoring services of the NFT platform 'NILE.'

Although Wemade isn't sure how the attackers acquired the keys, they hypothesized it was by breaching a shared repository where a developer had uploaded them for convenience.

The hackers then spent two months planning their attack before they eventually attempted to perform fifteen withdrawals, thirteen of which were successful.

The stolen WEMIX tokens were quickly laundered through cryptocurrency exchanges.

WEMIX is currently offline as all blockchain-related infrastructure is migrated to a new, more secure environment. The firm's goal is to restore the service fully on March 21, 2025.

It's also worth noting that the Digital Asset Exchange Alliance (DAXA) designated WEMIX as an "investment caution" asset and suspended deposits, a decision WEMIX plans to appeal.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 25, 2025