The gaming platform Wemix suffered a $6.22 million loss in a hacking incident in February. The CEO acknowledged a delayed notification but denied any intentional concealment.

BlockBeats News, March 17th, according to Yonhap News Agency, Wemix Foundation, a blockchain subsidiary of Wemade, acknowledged a loss of approximately 8.65 million WEMIX tokens (worth about $6.22 million) in a hacker attack during an emergency meeting, represented by Kim Sik-hwan.

The hacker stole the authentication key of the NFT platform "Nile" on February 28th and attacked the Play Bridge Vault system. Kim Sik-hwan explained that the delayed notification was due to concerns about triggering more attacks and market panic, emphasizing that there was "absolutely no intention to hide or cover up the incident."

Wemix has reported the incident to the authorities and launched a 100 billion KRW buyback plan to protect investors. The company plans to fully restore services on March 21st while improving the crisis response protocol, including an investor communication mechanism. Currently, the Korea Blockchain Association has designated WEMIX as a trading alert project and suspended deposits.