Triple-A Hack and WEMIX Exploit Highlight Crypto Security Risks
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Triple-A, a stablecoin payments firm, confirmed unauthorized access to treasury wallets on July 25 that resulted in about $11.8 million in company-owned crypto losses while stressing customer funds were unaffected because client assets are held separately in trust accounts. Separately, the WEMIX ecosystem saw a smart-contract exploit that minted 5.22 million unbacked WEMIX$ tokens and allowed attackers to steal roughly $724,000 before the protocol was halted, underscoring crypto security risks for DeFi, token issuers and exchanges.
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- Triple-A confirmed a treasury wallet breach, with losses of about $11.8 million.
- The company said customer funds were unaffected because client assets are held separately in trust accounts.
- Attackers minted 5.22M unbacked WEMIX$ tokens and stole about $724K before the protocol halted.
Stablecoin payments firm Triple-A has confirmed that attackers gained unauthorized access to its treasury wallets. On-chain investigators estimate the company lost about $11.8 million in company-owned digital assets.
The disclosure came as the WEMIX ecosystem suffered a separate smart contract exploit. That attack resulted in roughly $724,000 in losses.
Triple-A Says Customer Funds Are Safe
In its statement, Triple-A said it detected unauthorized access to certain wallets holding the company’s digital assets on July 25.
The company emphasized that customer funds were not affe…
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