Blockchain Gaming Platform WEMIX Hacked to Steal $6.1 Million
Blockchain gaming platform WEMIX suffered a devastating cyberattack last month, resulting in the theft of approximately $6.1 million worth of WEMIX tokens. The incident, which occurred on February 28, 2025, has left the community reeling and raises important questions about the security measures in place for these platforms.
According to Kim Seok-Hwan, CEO of WEMIX, the platform was hacked after threat actors stole authentication keys used for monitoring services of the NFT platform 'NILE.' Although Wemade isn't sure how the attackers acquired the keys, they hypothesized that it was by breaching a shared repository where a developer had uploaded them for convenience.
The hackers then spent two months planning their attack before attempting to perform fifteen withdrawals, thirteen of which were successful. The stolen WEMIX tokens were quickly laundered through cryptocurrency exchanges, further exacerbating the damage.
"As soon as we identified the hack on February 28, we immediately shut down the affected server and began a detailed analysis," stated Kim Seok-Hwan. "On the same day, we filed a criminal complaint with the Seoul Metropolitan Police Agency's Cyber Investigation Unit, and the National Office of Investigation is currently conducting an investigation."
WEMIX's CEO explained that an immediate public disclosure could have exposed the platform to further attacks, as most of the stolen assets had already been sold, impacting the market. The firm chose to wait until now to issue a statement, citing the need to protect players from additional losses.
A Look into WEMIX and its Ecosystem
WEMIX is a blockchain-based gaming platform developed by Wemade, a South Korean game company. The WEMIX ecosystem includes its own cryptocurrency, WEMIX token, and integrates blockchain technology into gaming, offering play-to-earn (P2E) models, NFT-based ownership, and decentralized finance (DeFi) features.
Wemade is best known for its hit title, "The Legend of Mir," but since the release of WEMIX, it has focused on blockchain-integrated titles that draw inspiration from the old game. The most successful of those is MIR4, which has over five million downloads on Google Play alone.
The Impact of the Hack
WEMIX is currently offline as all blockchain-related infrastructure is migrated to a new, more secure environment. The firm's goal is to restore the service fully on March 21, 2025.
It's also worth noting that the Digital Asset Exchange Alliance (DAXA) designated WEMIX as an "investment caution" asset and suspended deposits, a decision WEMIX plans to appeal. The incident has highlighted the need for greater security measures in the blockchain gaming industry.