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🚨 *Wemix Denies Cover-Up Amid Delayed $6.2M Bridge Hack Announcement* 🚨 Wemix Foundation CEO Kim Seok-hwan has denied allegations of a cover-up regarding a hack on its bridge, which resulted in losses of over $6 million 💸. The hack occurred on February 28, but the company only made an official announcement four days later 📆. *Delayed Announcement Sparks Concerns* 🤔 The delayed announcement has raised concerns among investors, with the WEMIX token plummeting by nearly 40% between the day of the attack and the company's breach announcement 📉. Kim attributed the delay to the possibility of further attacks and a desire to avoid causing panic in the market 😬. *Hack Details Revealed* 🕵️‍♂️ According to Kim, the hacker stole the authentication key for the company's service monitoring system, allowing them to create abnormal transactions 🤖. The hacker spent two months preparing before attempting to withdraw funds 15 times, succeeding in 13 withdrawals and stealing 8.6 million WEMIX tokens 📊. *Investigation Underway* 🚔 Kim confirmed that the company has filed a complaint with the Cyber Investigation Team of the Seoul National Police Agency and that an investigation is underway 🔍. *WEMIX Token Price Impact* 📊 The WEMIX token price dropped from $0.70 on February 27 to a low of $0.42 on March 4, following the hack announcement 📉. At the time of writing, the token trades at $0.58, still 17% below its pre-hack price 📊.$BTC