The protocol said a contract exploit tied to WEMIX$ drained roughly $724,000 in USDC.e, prompting emergency trading and bridge suspensions.
WEMIX suspended its bridges and liquidity-pool trading after a contract exploit linked to WEMIX$ drained about $724,000 in USDC.e from the protocol. The move suggests the project is trying to contain further losses and limit cross-platform transfers while it responds to the incident, a common emergency step after smart contract breaches in decentralized finance.