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Wemix CEO: delayed $6.2M hack announcement was to prevent “market panic”

  • Wemix Foundation suffered a $6.2 million hack on February 28 but only alerted its investors on March 4.
  • The hacker stole 8.65 million WEMIX coins from the platform's Play Bridge Vault.
  • Wemix CEO delayed the hack announcement to prevent market panic and additional attacks.
  • Kim Seok-hwan, the CEO of Wemix Foundation, denied the hack was the work of Lazarus, a North Korean-backed hacking group.

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