South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%

South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%


The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors.

Discrepancy Between WEMIX Circulating Supply and Token Distribution Plan

An association of South Korean cryptocurrency exchanges, the Digital Asset Exchange Joint Consultative Body (DAXA), announced on Nov. 24 that the gaming platform Wemade’s token — WEMIX — would be delisted. According to DAXA, the decision to delist WEMIX came after the association claimed to have found a discrepancy between the token’s circulating supply and the submitted distribution plan.

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The announcement by DAXA, which is

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