The domestic game company Wemade's issued virtual asset WEMIX has been delisted again. This decision has also put a brake on the blockchain game business, which Wemade identified as a core business.
On the 2nd, Bithumb announced that it would delist WEMIX, which had been designated as a transaction caution item. The Digital Asset Exchange Association (DAXA) is a consortium of five Korean won virtual asset exchanges, including Bithumb, Korbit, Upbit, and GoPax. The delisting decision also applies to Korbit, Upbit, and GoPax, where WEMIX is listed.
WEMIX transactions will be suspended starting at 3 a.m. on June 2. Withdrawal support will also end from July 2. DAXA noted, "The foundation's materials to clarify the reasons for the transaction caution designation were insufficient to resolve the reasons for the designation," adding that, "After a comprehensive review related to the issuer's reliability and security, we have decided to terminate transaction support as it does not meet the criteria for maintaining transaction support."
Earlier, Wemade's blockchain subsidiary WEMIX Foundation announced on its website in March that "approximately 8,654,860 WEMIX coins were withdrawn abnormally due to a malicious external attack on Play Bridge Vault on February 28."
DAXA designated WEMIX as a transaction caution item, stating that there was inadequate disclosure of important matters that could significantly impact users' reasonable investment judgments or the value of virtual assets, and that there was a lack of clear explanations for the cause of the incident and compensation plans for victims.