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    Home»Markets»Wemix denies cover-up amid delayed $6.2M bridge hack announcement
    Wemix denies cover-up amid delayed .2M bridge hack announcement
    Markets

    Wemix denies cover-up amid delayed $6.2M bridge hack announcement

    By Crypto EditorMarch 17, 2025No Comments3 Mins Read
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    Wemix Basis CEO Kim Seok-hwan mentioned they’d no intention of concealing a hack on its bridge, which led to over $6 million in losses.

    In a press convention, Kim reportedly mentioned there was no try to cowl up the incident, regardless that the viewers identified the announcement was delayed.

    On Feb. 28, over 8.6 million WEMIX tokens had been withdrawn attributable to an assault on the platform’s Play Bridge Vault, which transfers WEMIX to different blockchain networks. The corporate solely made an official announcement 4 days after the assault. 

    In response to Kim, the announcement was delayed attributable to the opportunity of additional assaults and to keep away from inflicting panic available in the market due to the stolen belongings.