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Gaming platform Wemix lost $6.22 million in a February hack, CEO admits to slow notification but denies deliberate concealment

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2025-03-17 03:50:18
According to Yonhap News Agency, Wemade's blockchain subsidiary Wemix Foundation representative Kim Seok-hwan admitted to losing about 8.65 million WEMIX tokens (worth about $6.22 million) due to the hack at an emergency meeting.
Hackers attacked the Play Bridge Vault system on February 28 by stealing the authentication key of the NFT platform "Nile". Kim Seok-hwan explained that the delayed notification was for fear of triggering more attacks and market panic, emphasizing that "absolutely no thought or attempt was made to cover up the incident".
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