The blockchain gaming platform WEMIX, developed by Wemade, experienced a cyberattack resulting in the theft of 8,654,860 WEMIX tokens, valued at approximately $6,100,000. This incident, confirmed by CEO Kim Seok-Hwan, involved the exploitation of stolen authentication keys and led to unauthorized withdrawals and token laundering. The attack's severity led to WEMIX going offline to transition to a more secure environment, with a full restoration goal set for March 21, 2025. The incident has also influenced the Digital Asset Exchange Alliance (DAXA) to label WEMIX as an 'investment caution' asset.
TPRM report: https://scoringcyber.rankiteo.com/company/wemade-entertainment-usa-inc-
"id": "wem727031825",
"linkid": "wemade-entertainment-usa-inc-",
"type": "Cyber Attack",
"date": "3/2025",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"
{'affected_entities': [{'industry': 'Gaming, Blockchain',
'name': 'WEMIX',
'type': 'Blockchain gaming platform'}],
'attack_vector': 'Stolen authentication keys',
'description': 'The blockchain gaming platform WEMIX, developed by Wemade, '
'experienced a cyberattack resulting in the theft of 8,654,860 '
'WEMIX tokens, valued at approximately $6,100,000. This '
'incident, confirmed by CEO Kim Seok-Hwan, involved the '
'exploitation of stolen authentication keys and led to '
"unauthorized withdrawals and token laundering. The attack's "
'severity led to WEMIX going offline to transition to a more '
'secure environment, with a full restoration goal set for '
'March 21, 2025. The incident has also influenced the Digital '
'Asset Exchange Alliance (DAXA) to label WEMIX as an '
"'investment caution' asset.",
'impact': {'brand_reputation_impact': "Labeled as 'investment caution' asset "
'by DAXA',
'downtime': 'Platform went offline',
'financial_loss': '$6,100,000',
'operational_impact': 'Transition to a more secure environment',
'systems_affected': 'WEMIX blockchain platform'},
'initial_access_broker': {'entry_point': 'Stolen authentication keys'},
'motivation': 'Financial gain',
'post_incident_analysis': {'corrective_actions': 'Transition to a more secure '
'environment',
'root_causes': 'Stolen authentication keys'},
'response': {'containment_measures': 'Platform went offline',
'recovery_measures': 'Full restoration goal set for March 21, '
'2025',
'remediation_measures': 'Transition to a more secure '
'environment'},
'title': 'WEMIX Blockchain Gaming Platform Cyberattack',
'type': 'Cyberattack',
'vulnerability_exploited': 'Authentication keys'}