PANews reported on March 17 that WEMIX, the blockchain gaming platform of the listed Korean game company Wemade, disclosed a hacking incident on March 4, stating that "on February 28, 2025, due to a malicious external attack on the Play Bridge Vault, approximately 8,654,860 WEMIX tokens were abnormally withdrawn." WEMIX said it had immediately taken action to prevent further damage and was cooperating with law enforcement agencies and tracking the attackers. On March 13, the WEMIX Foundation executed 20 million WEMIX tokens to mitigate the market impact.

Additionally, according to a report by Yonhap News Agency today, the loss caused by the February 28 hacking incident at Wemix was approximately 90 billion won (about $622 million). Regarding the accusation that the WEMIX Foundation delayed the announcement, the foundation emphasized that "there was never any intention or attempt to conceal the hacking attack." A representative of the WEMIX Foundation stated, "After discovering the hacking attack on February 28, we immediately shut down the affected servers and began a detailed analysis. On the same day, we filed a complaint against the unidentified attackers with the Cyber Investigation Division of the Seoul Police Agency, and the National Investigation Agency is currently investigating. Given that the method of intrusion was not yet determined, a hasty announcement could have exposed us to further attacks, so we did not immediately issue a public announcement. Since most of the stolen assets have been sold off, the market impact has already occurred, and it is difficult to guarantee that there is no further risk, if we had announced it immediately, it could have caused market panic."