WEMIX attacker mints 5.23M unauthorized stablecoins, prompting service suspensions and asset freezes.

On July 26, an attacker exploited owner privileges in WEMIX's stablecoin contract to mint about 5.23 million unauthorized WEMIX$ tokens, worth roughly $724,000 in converted assets. WEMIX responded by suspending bridges, liquidity pools, and related services while working with exchanges to freeze suspect funds and trace transactions. The breach occurred amid WEMIX's transition from WEMIX$ to USDC.e stablecoin services and follows a similar 2025 hack. The company is investigating the cause and has not disclosed full recovery details or whether user balances were affected. Further updates are expected as the investigation continues.