Search results for Wemix 3.0
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.
Crypto
Wemix Dollar contract admin rights stolen, 5.23 million tokens abnormally minted
Administrator rights to the Wemix Dollar (WEMIX$) stablecoin contract in the WEMIX ecosystem were stolen, leading to the abnormal minting of about 5.23 million tokens. The Wemix team halted Wemix 3.0 internal and external bridges, related liquidity pool trading, and some services. Minted WEMIX$ was swapped into WEMIX and USDC.e and moved via bridges to Ethereum and BSC, with some assets reaching centralized exchanges.
Games & Commerce
Wemade, NICE Information & Telecommunication to jointly build Web3 payment infrastructure
Wemade said on Tuesday it signed a memorandum of understanding with NICE Information & Telecommunication to build Web3 payment infrastructure. The agreement aims to research and develop payment infrastructure that combines Web3 with legacy finance. The partners plan joint research, preparations and pilot tests to connect the Web3 sector with offline payment ecosystems. They will share information on stablecoins and blockchain payments and test linking WEMIX and USDC.e to NICE’s payment network.