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South Korean Game WEMIX, Unauthorized Issuance of Proprietary Stablecoin Leads to Approximately 1 Billion Yen Outflow

2026/07/27 11:06 (Updated 2026/07/27 16:01)
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Written by Enzo
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South Korean Game WEMIX, Unauthorized Issuance of Proprietary Stablecoin Leads to Approximately 1 Billion Yen Outflow

Hijacking of Permissions in Proprietary Stablecoin

Hijacking of Permissions in Proprietary Stablecoin

The South Korean blockchain game platform WEMIX acknowledged on the 27th that a hijacking of owner permissions and subsequent unauthorized issuance occurred in the smart contract of its proprietary stablecoin, and disclosed its response to the situation.

According to the announcement, at approximately 6:18 PM on the 26th, the owner permissions of the smart contract related to the stablecoin were seized by an unknown party, leading to the issuance of an abnormal quantity of tokens...

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MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30
Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more