WEMIX Has Been Delisted by The South Korean Crypto Exchange!

WEMIX coin cryptocurrency concept banner background.

WEMIX has been delisted by the South Korean crypto exchange! The Digital Asset Exchange Joint Consultative Body (DAXA), a South Korean group of crypto exchanges, announced on November 24 that the WEMIX token will be deleted. To justify the decision to remove WMIX from the list, the group said that the information provided by the Wemade token issuer was false and caused confusion to investors.

The difference between WEMIX’s distribution plan and Token

An association of South Korean cryptocurrency exchanges, the Digital Asset Exchange Joint Consultative Body (DAXA), announced on November 24 that the Wemade token platform game. Will be deleted. According to DAXA, the decision to remove WEMIX from the list came after the group said that they had noticed a difference between the distribution of the token and the distribution plan.

Advertisement Banner

The announcement from DAXA, which has five crypto exchanges, namely: Bithumb, Coinone, Gopax, Korbit, and Upbit, came a few days after some local media suggested that the liquidation decision would be revealed on November 17. At the time, Wemade CEO Henry Chang reportedly told shareholders that removing WMIX was not an option. However, as reported by Hankyung, the DAXA team has decided to remove the brand from various platforms.

“The level of distribution that exceeds the distribution plan submitted by Wemix to DAXA is a large amount of distribution at the time of its designation as a warning issue, and the level is considered as a matter,” DAXA reported. Furthermore, the group accuses Wemade of spreading false information and confusing investors by publishing unconfirmed information about the listing status of WMIX.

At the time of writing (November 24, 3:00 PM EST), WEMIX is down almost 70% to $0.488, while the 24-hour trading volume of the token exceeded $540 million. Meanwhile, DAXA reported that “Wemix trading support will be terminated on December 8 to protect investors.”

Telegram address.

Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

Share This Article
3 Comments