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Games & Commerce

Wemade Q2 operating loss 21 billion won narrows from year earlier

Wemade posted an operating loss in the second quarter as mobile game sales fell and a one-off revenue base effect from the previous quarter weighed on results. The company said it reduced the year-on-year loss through cost efficiency. Second-quarter revenue fell 29 percent from the previous quarter and 7 percent from a year earlier. Wemade plans to expand new game launches, including Night Crows W, to drive a performance rebound.

Crypto

Wemix dollar authority takeover caused by proxy contract initialize flaw

Wemix Team said it identified a proxy-structure smart contract initialize-function flaw as the cause of a July 26 takeover of administrative rights over two Wemix dollar-related contracts. The attacker changed administrator addresses, obtained minting and swap permissions and minted 5,225,524.9997 WEMIX$ through repeated flash loans and swaps. Confirmed losses transferred externally were 723,244.4936 USDC.e and 34,752.3199 WEMIX. Services are to resume sequentially.

Games & Commerce

Wemade posts third straight quarterly operating profit, eyes new titles and China to lift profitability

Wemade said on Monday it posted first-quarter revenue of 153.3 billion won, operating profit of 8.5 billion won and net profit of 19.9 billion won, marking a third straight quarter of operating profit since the third quarter of 2025. It said revenue was led by games and boosted by licence income after a royalty dispute over The Legend of Mir 2 in China ended in settlement. Wemade also cited growing blockchain revenue and outlined plans for new game launches, a push into consoles and preparations for China releases.