WEMIX Privilege Breach Triggers Abnormal Issuance and 66% TVL Drop

A WEMIX administrator privilege breach led to abnormal issuance of about 5.22 million WEMIX$. According to NS3.AI, the incident also involved outflows of about 30,000 WEMIX and 720,000 USDC.e. WEMIX blocked bridges and suspended liquidity pool trading after the breach. Wemixfi’s total value locked fell 66% following the incident.