Compromised contract let hackers print 5.2 million WEMIX stablecoins, forcing a complete network freeze
- WEMIX just proved that "1:1 collateralized" is just a suggestion if you leave the contract keys under the doormat. Hackers minted 5.2 million WEMIX$ out of thin air, turning it into WEMIX and USDC.e before vanishing into the ether. The team’s response? Hit the big red panic button and freeze the entire network. Bridges, DEXs, games—everything is paused because apparently, security is an afterthought. While they figure out who stole the keys, users are left staring at empty screens like meat wallets waiting for a payout that isn't coming. This isn't innovation; it's a masterclass in how not to manage a treasury. Where's my cut? I didn't sign up for this level of amateur hour.