Data leak
[loss] $6M+
"Wemix says delay in disclosing $6.2 million hack was to prevent panic: report"
Primary Source ↗Financial Loss
$6.2M
(6,200,000 USD)
Incident Details
The Wemix Foundation, which runs the blockchain gaming platform WEMIX, suffered a $6.2 million hack of their blockchain bridge. Although the hack occurred on February 28, the company did not disclose the theft until four days after the incident, leading some to accuse Wemix of attempting to cover up the hack. Wemix has denied those allegations, claiming that the delay was in hopes of preventing market panic, and to ensure they had time to patch any security vulnerabilities before publicly disclosing a breach.
Total loss estimated at $6,200,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Wemix Foundation
Timeline
- 2025-02-28 Breach occurred
- 2025-02-28 Publicly disclosed