WEMIX News

South Korean Web3 game developer Wemade is under investigation by local prosecutors. According to local media, the investigation concerns allegations of unfair profits resulting from potential circumvention of rules that require virtual asset service providers to register with authorities. South…

Wemade, a South Korean Blockchain game developer, has announced that it would buy back and burn $10 million in its native crypto WEMIX after being delisted by top South Korean crypto exchanges.

WEMIX, a cryptocurrency made by Wemade, was taken off the market on Wednesday after a Seoul court denied a request to stop it.

South Korea’s top 5 crypto exchanges have announced the delisting of Wemade’s native token, WEMIX, despite the gaming company’s assurances regarding the token’s distribution. WEMIX token delisted by top Korean exchanges Members of the Digital Asset Exchange Alliance (DAXA), which…