Hackers Mint 5.2M Fake Stablecoins, Forcing WEMIX to Freeze Network
An attacker hijacked a key owner contract on WEMIX, printed millions of fake stablecoins, and swapped them before devs pulled the plug on the chain.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Hackers breached an owner contract to mint 5.2 million WEMIX stablecoins without collateral.
- The attacker swapped the minted supply into native WEMIX and USDC.e.
- Developers responded by freezing the entire network to contain the damage.
- Total financial losses and the impact on everyday users remain unconfirmed.
5.2 million. That's how many fake WEMIX stablecoins hackers just printed out of thin air after breaching a central owner contract, forcing developers to slam the emergency stop button on the whole blockchain.
Contract Breach Triggers Network Shutdown
The breach gave the attacker direct control over token minting. Once inside, the hacker printed millions in unbacked stablecoins and immediately swapped them for native WEMIX and bridged USDC.e.
To stop the bleed, the WEMIX team shut down the entire network. Officials confirmed the newly minted supply ended up in WEMIX and USDC.e, but the total financial damage and final impact on token holders are still unknown.
Why it matters
Admin key compromises are an absolute nightmare for Web3 gaming platforms and crypto casino players tied to custom appchains like WEMIX. When an owner contract gets hit, everything grinds to a halt. If you hold tokens or bet on gaming protocols using single-admin setups, this shutdown shows just how fast central key flaws can lock up your money.
Source: CryptoSlate
Best Crypto Gambling Sites Right Now
🇩🇪 Showing sites that accept players from Germany Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
20% Cashback up to 10,000 USDT
- 17 coins, the widest cashier of the US-facing books
- $10 crypto minimum against $50 for cards
- Welcome free bet carries no rollover
Why we chose it: Widest coin support of anything that still takes Americans, with poker and esports on the same balance. The complaint record is why it is not higher.
More info Less info
- Online since
- 2004
- Licence
- Panama
- Min deposit
- $10
- Payout time
- Within 24 hours (crypto)
- Wagering
- None on the free bet, 10x on the crypto boost
- KYC
- Required
Restricted countries: Australia, United Kingdom, France, Netherlands, Malta, Slovenia, Panama, North Korea and 19 more.
Cashback up to 10,000 USDT
- Chico network poker with a soft player pool
- $10 crypto minimum, $50 for the sportsbook
- Licensed under the 2024 Curaçao regime
Why we chose it: A poker room with a sportsbook attached, not the other way round. Worth an account for the tables. The sportsbook is not the reason to be here.
More info Less info
- Online since
- 2004
- Licence
- Curaçao Gaming Authority (OGL/2024/1132/0522)
- Min deposit
- $10
- Payout time
- 24–48 hours (crypto)
- KYC
- Required
Restricted countries: Afghanistan, Angola, Australia, Belgium, Bulgaria, Central African Republic, Côte d’Ivoire, Cuba and 36 more.
Alex Rivera
Alex covers crypto markets and the gambling industry, testing platforms hands-on before writing.
