WEMIX halts trading after $724K hack on linked contract amid stablecoin transition

WEMIX, a blockchain gaming platform, suspended its bridge services and decentralized exchange trading after an attacker exploited a linked contract, stealing about $724,000 in USDC.e tokens. This is the second major security breach for WEMIX, following a $6.2 million token theft in February 2025. The recent hack occurred during WEMIX's transition from its native stablecoin WEMIX$ to USDC.e, a process involving complex liquidity changes that may have introduced vulnerabilities. Investors are now concerned about when services will resume and whether further losses will be uncovered during ongoing investigations.