Ah, the illustrious Kim Seok-hwan, CEO of the Wemix Foundation, has gallantly declared that there was absolutely no intention to cloak a rather unfortunate hack that has left a staggering $6 million in its wake. How charming! 🎭
During a press conference, our dear Kim insisted that there was no cover-up, despite the audience’s rather pointed remarks about the tardy announcement. One must wonder if time flies when you’re having fun—or losing millions! ⏳
On the fateful day of February 28, a staggering 8.6 million WEMIX tokens were whisked away in a most audacious attack on the platform’s Play Bridge Vault, which, as luck would have it, transfers WEMIX to other blockchain networks. The company, however, chose to grace us with an official announcement a full four days post-incident. How considerate! 🕵️♂️
According to our gallant Kim, the delay was merely a precaution against further attacks and a noble effort to prevent market hysteria over the pilfered assets. Because, of course, who wouldn’t want to keep the masses calm while their fortunes evaporate? 😅
Wemix CEO Outlines Risks of Premature Announcement
In a delightful twist, Wemix revealed that the dastardly hacker gained entry by swiping the authentication key for Nile, their NFT platform. A classic case of “you snooze, you lose!”
After the theft, the villainous hacker spent two months plotting and scheming before executing a series of rather abnormal transactions. They attempted to withdraw 15 times, succeeding 13 times—talk about a lucky streak! 🎰
Upon discovering the hack, Kim and his team promptly shut down their servers, embarking on a thrilling analysis adventure. One can only imagine the drama! 🎬
Our intrepid executive also mentioned that a complaint has been filed with the Cyber Investigation Team of the Seoul National Police Agency. The authorities, bless their hearts, have already begun their investigation. 🕵️♀️
Kim, ever the strategist, warned of the perils of a hasty announcement. In a world where the method of penetration remains a mystery, one could easily find themselves facing further attacks. How very Hitchcockian! 🎥
He also reiterated that the market had already felt the tremors from the sold assets, and an immediate announcement could lead to a delightful panic sell-off. What a spectacle that would be! 🎪
During the press release, Kim graciously apologized to Wemix investors, taking full responsibility for the delay. A true gentleman, indeed! 🕴️
WEMIX Token Drops 39% Amid Hack Announcement
Despite their valiant efforts to stave off market panic, the WEMIX token plummeted nearly 40% from the day of the exploit to March 4, when the company finally decided to spill the beans. A classic case of “too little, too late!” 📉
The price plummeted from $0.70 on February 27 to a dismal $0.52 on February 28, and further down to $0.42 by March 4. As of this writing, the crypto asset is trading at a mere $0.58—still a charming 17% below its pre-hack price. How delightful! 💔
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2025-03-17 12:33