The incident occurred on February 28. Hackers deduced 8.6 million WEMIX tokens from the Play Bridge Vault platform, designed to simplify the cross-section. Wemix announced this only after four days. The head of Wemix assured that being late was a “strategic solution”, which prevented further attacks and panic in the market.
Hwan said that by the time of the announcement the market had already absorbed the influence of stolen assets, while the premature announcement of the attack could provoke a further sale of assets. The general director apologized and emphasized that this was his own solution, and Wemix would strengthen security measures.
Kim Sok Hwan said that the attackers used the stolen Nile authentication key belonging to the NEMIX platform to create NFT. Attackers could manipulate the system for two months before they began a series of unauthorized assets output.
Hackers tried to conduct 15 transactions, 13 of which were successful. Stolen tokens were sold on exchanges outside South Korea. After the hacking, Wemix disconnected its servers and the internal investigation began. The company also sent a complaint to the Cybercriminals Department of the National Police of Seoul.
In February, the Nebank Infini, which lost 49.5 million USDC stablcoins, suffered from a hacker attack. The founder of Infini Christian Li contacted the hacker, offering to return the stolen funds in return for a reward of 20% of the amount of stolen funds. If the hacker agrees, he will not threaten the legal consequences for hacking.
Source: Bits
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