EMI

The blockchain gaming platform WEMIX suffered a hacker attack at the end of February, resulting in a loss of approximately 6.22 million dollars

ChainCatcher news, the blockchain gaming platform WEMIX under the South Korean listed gaming company Wemade disclosed a hacking incident on March 4, stating: "On February 28, 2025, approximately 8,654,860 WEMIX tokens were anomalously extracted due to a malicious external attack on Play Bridge Vault." WEMIX stated that it has taken immediate action to prevent further damage and is cooperating with law enforcement to track down the attackers. On March 13, the WEMIX Foundation executed 20 million WEMIX tokens to mitigate market impact.In addition, according to a report by Yonhap News Agency today, the loss caused by the hacking incident on February 28 amounted to approximately 9 billion won (about 6.22 million USD). The WEMIX Foundation emphasized in response to external accusations of delayed announcements that it "never had any intention or attempt to conceal the hacking incident." A representative of the WEMIX Foundation stated, "After discovering the hacking incident on February 28, we immediately shut down the affected servers and began a detailed analysis. On the same day, we submitted a complaint against the unidentified attackers to the Cyber Investigation Division of the Seoul Police Agency, and the National Investigation Agency is currently investigating. Since the method of intrusion has not yet been determined, hastily releasing an announcement could expose us to further attack risks, which is why we did not issue an immediate announcement. As most of the stolen assets have already been sold off, the market impact has already occurred, and it is difficult to ensure there are no further risks. If we had announced immediately, it could have triggered market panic."

Encrypted users report new scam emails impersonating Coinbase and Gemini

ChainCatcher news, according to Cointelegraph, recently, multiple cryptocurrency users have reported an increase in phishing emails impersonating cryptocurrency exchanges Coinbase and Gemini. These emails attempt to lure users into setting up new wallets using pre-generated recovery phrases controlled by the scammers, thereby stealing user assets. In several examples posted on the X platform, the phishing emails claim to be from Coinbase, urging users to transition to self-custody wallets and providing instructions to download the legitimate Coinbase wallet, while setting April 1 as the deadline for the transition. The emails also include pre-generated recovery phrases. Once users open new wallets and transfer funds using these phrases, all assets will fall into the hands of the scammers, who may directly empty the wallets.The emails also mention a class-action lawsuit against Coinbase, falsely claiming that it was ordered by the court to have users manage their own wallets due to the sale of unregistered securities. The fraudulent emails state: "Coinbase will operate as a registered broker, allowing purchases, but all assets must be transferred to the Coinbase wallet." In fact, the U.S. Securities and Exchange Commission (SEC) dismissed the lawsuit against Coinbase for being an unregistered broker and selling unregistered securities on February 27. Coinbase responded by stating that they are aware of this scam and issued a reminder to users on March 14 via the X platform: "We will never send you recovery phrases, and you should not enter recovery phrases provided by others." Additionally, the cryptocurrency exchange Gemini has also encountered similar phishing emails. The scammers use the same strategy, claiming that users need to set up new wallets due to a recent court ruling.Gemini was previously sued by the SEC for allegedly offering unregistered securities through its Earn program, but the regulatory agency chose to terminate legal action on February 26.
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