Alpha Asset Management, led by CEO Choi Jun-hyuk, is facing huge paper losses on its 35 billion KRW Wemade stake.  
Bought shares at 34,894 KRW and 63,887 KRZ, now down to 25,000 KRW—158 billion KRW loss.  
Wemade’s rebound hopes faded after Wemix crypto got delisted again by DAXA over safety issues.  
Earlier, Wemix rallies often lifted Wemade’s stock.  
Wemade posted a 11.3 billion KRW operating loss in Q1, worse than last year.  
Blamed on weak blockchain performance and high marketing costs