Triple-A Hack and WEMIX Exploit Highlight Crypto Security Risks

• 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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