WEMIX Token Removed From South Korea’s Top Crypto Exchanges

• South Korea’s blockchain game developer, Wemade’s shares dropped 23% on the KOSDAQ market.
• Wemade Max and Wemade Play shares also plummeted on the KOSDAQ exchange.
• Upbit, Bithumb, Coinone, and Korbit, stopped WEMIX trading on the platforms.

On December 8, the shares of the South Korean blockchain game developer Wemade dropped severely. The developer had issued an injunction against Korea’s four major cryptocurrency exchanges that planned to remove Wemade’s token WEMIX from their platforms.

However, the request was dismissed by the Seoul Central District Court on December 7th. The four exchanges, including Upbit, Bithumb, Coinone, and Korbit, which together account for over  95% of the crypto trade volume in South Korea, reported inaccurate circulation information about the WEMIX token.

The four exchanges are also part of the local crypto market monitoring group, the Digital Asset eXchange Alliance (DAXA), which also issued a two-week examination for the game developer firm to fix the issues.

Instead, Wemade CEO, Henry Chang, stated during a ...

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