Layer-1 blockchain network WEMIX temporarily suspended its bridges, liquidity-pool trading and several related services on Sunday after an attacker compromised ownership of a contract linked to its WEMIX$ stablecoin and moved roughly 724000 dollars in USDC.e. The unauthorized activity began at 9:17 UTC when the attacker issued about 5.23 million WEMIX$ tokens without authorization. Those tokens were converted into 30736 WEMIX and 724198 USDC.e.

The USDC.e was bridged to Ethereum and BNB Smart Chain, then exchanged for assets including Ether and Tether and distributed across multiple addresses. Portions of the funds reached centralized exchanges. WEMIX identified the associated wallets and asked exchanges and stablecoin issuers to freeze the assets. Some exchanges have already frozen linked addresses.

All bridges connected to the WEMIX3.0 network, including Chainlink CCIP and the PLAY Bridge, were halted. Trading in the affected liquidity pools was suspended, foundation-provided liquidity was withdrawn, and services such as the WEMIX$ Module and the PNIX decentralized exchange were paused. The cause of the breach and its full impact remain under review. Preliminary figures may be revised.