On March 17, according to Yonhap News Agency, Wemade's blockchain subsidiary Wemix Foundation representative Kim Seok-hwan admitted at an emergency meeting that due to a hacker attack, they lost approximately 8.65 million WEMIX tokens (worth about $6.22 million).

The hackers, on February 28, attacked the Play Bridge Vault system by stealing the authentication keys of the NFT platform "Nile". Kim Seok-hwan explained that the delay in notification was due to concerns about triggering more attacks and market panic, emphasizing that "there was absolutely no intention to cover up the incident".

Wemix has reported the case to the police and launched a 100 billion won buyback program to protect investors. The company plans to fully restore services on March 21, while also improving its crisis response protocols, including an investor communication mechanism. Currently, the Korea Digital Asset Exchange Association has designated WEMIX as a trading warning item and suspended deposits.