WEMIX Foundation held an emergency press conference to respond to the theft of approximately 8.65 million WEMIX tokens

According to Yonhap News Agency, the WEMIX Foundation under Wemade held an emergency press conference on March 17 to respond to the theft of approximately 90 billion won (about 8.65 million WEMIX tokens). The Foundation representative, Kim Seok-hwan, stated that the delay in the announcement was not due to concealment, but rather consideration of potential attack risks and the possibility of market panic. The attack originated from hackers stealing the authentication keys of the monitoring system of the Non-Fungible Token (NFT) platform "NILE", and through forged transactions, they carried out 15 withdrawal operations over 2 months, of which 13 were successful, ultimately cashing out overseas. To compensate investors' losses, the Foundation announced a 10 billion won buyback plan on March 13, and added a 20 million WEMIX token buyback the next day, with plans to fully restore services on March 21. Additionally, the DAXA, a South Korean exchange alliance, has designated WEMIX tokens as "investment attention" assets and suspended deposits.