Compromised owner contract just let hackers print 5.2 million WEMIX stablecoins out of thin air, forcing a complete network freeze
The WEMIX team said compromised ownership of a contract tied to its WEMIX$ stablecoin enabled approximately 5.23 million tokens to be minted without authorization, prompting it to suspend bridges, liquidity pools, and several services on the WEMIX3.0 network. Contract-owner breach tested WEMIX$’s 1:1 design The WEMIX3.0 whitepaper describes WEMIX$ as 100% collateralized by USDC held…