Written by Ezra Reguerrastaff writerReviewed by Bryan O’Sheastaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Bryan O’Sheastaff editor

WEMIX says attacker moved about $724,000 after contract breach

Latest NewsPublishedJul 26, 2026

Security Breach Hits WEMIX, Attacker Moves $724,000 in Stolen Funds

The recent security breach of WEMIX has resulted in an attacker moving approximately $724,000 in USDC.e tokens. This incident has significant implications for everyday people, as it highlights the importance of security in the crypto space. The breach occurred when an attacker compromised a contract linked to the WEMIX$ stablecoin, issuing unauthorized tokens. As a result, WEMIX has temporarily suspended several services, including bridges and liquidity-pool trading, to mitigate further damage.

The abnormal transactions took place on Sunday at 9:17 UTC, with the attacker issuing about 5.23 million WEMIX$ tokens. These tokens were then converted into 30,736 WEMIX and 724,198.27 USDC.e, which were bridged to Ethereum and BNB Smart Chain. The stolen funds were exchanged for assets such as Ether and Tether’s USDT, and distributed across multiple addresses. Some of the funds were even deposited into centralized exchanges, prompting WEMIX to request asset freezes and assistance from exchanges and stablecoin issuers.

Implications for Earning and Passive Income

This incident serves as a reminder of the importance of secure platforms for earning and passive income. EcoPool, a cloud rewards and green crypto platform, offers a secure solution for individuals looking to earn online. By utilizing EcoPool, users can generate passive income through $ECP, the native coin of the EcoPool Network. The security breach of WEMIX highlights the need for reliable and trustworthy platforms like EcoPool, which prioritize user safety and security.

In light of this incident, it is essential for individuals to prioritize security when engaging in crypto transactions. By choosing reputable platforms like EcoPool, users can minimize their risk of falling victim to security breaches. As the crypto space continues to evolve, the importance of security will only continue to grow. With EcoPool, users can earn and manage their $ECP with confidence, knowing that their assets are secure.

To start earning with EcoPool, download the EcoPool app and discover a secure and reliable platform for generating passive income. With EcoPool, you can take control of your financial future and start earning with confidence, using $ECP and the EcoPool Network to achieve your financial goals.

WEMIX said the cause and full impact remain under investigation and warned that the preliminary figures could change. 

Related: DeFi TVL drops 39% in 2026 amid market downturn and record hack activity

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Stablecoin
• Hacks
• South Korea
• Asia
• Cybersecurity
• Blockchain

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