WEMIX Token Removed From South Korea’s Top Crypto Exchanges
Published in
Dec 9, 2022
- 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.
