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Wemix attacker moves $724K after contract breach
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Wemix attacker moves $724K after contract breach

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  • The attacker behind the Wemix breach has moved about $724,000 in stolen funds.
  • The transfers happened months after the original smart contract attack.
  • Blockchain investigators continue to track the movement of the assets.

The attacker behind the Wemix (CRYPTO:WEMIX) smart contract breach has moved about $724,000 worth of stolen cryptocurrency to new wallet addresses.

The latest transfers suggest the attacker is still moving funds months after the breach, making it harder to trace the stolen assets.

Blockchain security researchers said the transactions involved wallets linked to the original attack and continue to monitor their activity.

The Wemix breach exposed weaknesses in a smart contract and led to the loss of millions of dollars in digital assets.

Moving stolen funds through different wallets is a common tactic used to hide their origin before they are exchanged or laundered.

The latest transfers highlight the ongoing security risks facing blockchain projects and the importance of monitoring suspicious wallet activity.

At the time of reporting, Wemix price was $0.2058.

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