WEMIX Suspends Bridges After $724K Stablecoin Contract Exploit

On July 26, 2026, WEMIX discovered that ownership rights of a contract related to its stablecoin WEMIX$ were compromised, leading to the unauthorized minting of approximately 5,225,525 WEMIX$. The attacker converted these tokens into 30,736 WEMIX and 724,198.27 USDC.e, then moved the USDC.e out of the WEMIX3.0 ecosystem via cross-chain routes including Chainlink CCIP and PLAY Bridge. In response, WEMIX suspended all bridges, liquidity pools, the WEMIX$ Module, PNIX DEX, and certain in-game blockchain functions, NFT trading, and marketplace bidding. The project contacted exchanges and stablecoin issuers to freeze assets, with some exchanges complying. As of July 27, WEMIX traded around $0.2115-$0.2116 with a market cap of $105.4 million. The full technical root cause remains unclear, and the timeline for reopening services is undetermined.