Content
@
0 reply
20 recasts
20 reactions
Bittu
@bittu
WEMIX Price Plunges 60% After Major Korean Exchanges Announce Second Delisting WEMIX, the native cryptocurrency of South Korean gaming firm Wemade, saw its price plunge over 60% following a devastating announcement from the Digital Asset eXchange Alliance (DAXA) that it will be delisted from all major domestic exchanges by June 2. The decision marks the second time WEMIX has faced delisting within South Korea’s notoriously cautious crypto environment. The delisting follows a February cyberattack in which more than 8.65 million WEMIX coins, valued at around 9 billion won (approximately $6.2 million), were illicitly withdrawn from Wemade’s Play Bridge Vault, a critical component of its Web3 infrastructure. DAXA deemed the breach inadequately explained, and the WEMIX Foundation failed to satisfy key transparency, disclosure, and user compensation compliance standards.
0 reply
0 recast
0 reaction
