Wemix Foundation denied allegations by trying to hide a security breach that led to losses of more than $ 6.2 million. Blockchain, a subsidiary of the South Korean Wemade company, has been accused of delaying the general announcement of the attack, which was recognized on February 28 but was not unveiled until March 4.
At an emergency meeting held on Monday, quote Written by Yonhap News in South Korea, the CEO of Wemix Foundation Kim Seok-Hwan said the delay was not an attempt to hide the breach but the “precautionary measure” of the company to prevent any attacks and potential panic in the market.
“There was no intention to hide itKim told reporters. “This announcement was delayed due to the concerns of weaknesses and its impact on investor morale“
The CEO has apologized several times throughout the meeting, and he bend his head before and after reading his statement.
The attack on Playbridge Bolt causes losses of millions
According to the publication of the official blog of Wemix, the Playbridge Bolt attack, a system for transporting assets via Blockchain networks.
basis I mentioned The infiltrators used the key to the certificate version used on the Nile platform, which is an alternative symbolic service based on NFT. After successfully violating the network, the attackers took two months to start generating unusual transactions and withdrew about 86.5 million coins from WEMIX.
WEMIX also revealed that the infiltrator tried to withdraw 15, of which two did not succeed. However, all other 13 transactions passed, and stolen money was finally washed through external exchanges.
Investigators believe that the violation might have arisen in mid -2013 when the Wemix player has downloaded sensitive materials into a public warehouse for easy development. While the theory is still largely confirmed, the company suspects that this may be the primary point of the settlement.
Responding to the piracy event
In response to the piracy incident, Kim said that the institution “closed the servant immediately”, and began to analyze how exactly it occurred. The Executive Authority stated that a complaint was submitted to the online investigation team of the National Police Agency in Seoul against the unknown identity Infiltrator.
At that time, it also provided a displacement of the cryptocurrency of the South Korean currency, an association for South Korean currency exchanges, also, in order to put the “end of trading” and deposit the exchange deposits.
“It is difficult to reveal details about the deletion process, but we will do our best to negotiate with Daxa. Our instant priority is to restore services. If a decision is made about deletion, we will address it after thatKim explained.
When asked if the famous North Korean group group Lazarus was behind the attack, the CEO of Wemix said: “We are not currently weighing the possibility of Lazarus’s involvement.” However, he admitted that external security experts were continuing to achieve them.
Lazaros It was linked to many prominent encryption penetrations, including the $ 1.5 billion ETAREUM tokens penetration on the BYBIT, which occurred about three weeks ago.
Protection of investors and security improvements
At the press conference, Wemix announced that it takes steps to restore investor confidence in its products. Kim stated that on March 13, the Foundation launched a re -purchase program of 100 billion winners (75 million dollars), followed by 20 billion WNA (15 million dollars) to purchase the next day.
Kim also confirmed that the Foundation was deporting all infrastructure to a new environment to prevent breach again. “This will not be the last penetration that we face, but we will take this as an opportunity to make WEMIX a stronger and safer environmental system. “.
The CEO added that the company will re-evaluate its internal security measures according to the recommendations of the chief appointed technology staff (CTO) BOM-SOM, a former executive of another blockchain company.
“Security and internal policies must be built properly to prevent repetition“The new CTO has shown.
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