Crypto
Wemix finalises compensation for Wemix Dollar security incident, 500,000 WEMIX buyback
Wemix has finalised a compensation plan for a July security incident involving Wemix Dollar, covering users who held the token, provided liquidity or incurred trading losses during the affected period. The Wemix team will issue eqWEMIX$ and distribute it without applications to eligible holders and loss-affected traders, with later 1:1 exchange to USDC.e when the module resumes. It will also buy back 500,000 WEMIX.