'90 Billion Won Hack' Wemix: "Will Recover Losses with Foundation's Holdings... Also Pursuing Buyback"
Summary
- Wemix announced plans to pursue a buyback to recover from the hacking damage and restore market confidence.
- They showed their commitment to increase price stability by recovering the stolen Wemix with the foundation's holdings.
- Additional investor protection measures are also being prepared, with specific plans to be announced later.
Wemix (WEMIX) is pursuing a buyback (market purchase) to address price instability caused by the hacking incident.
On the 6th, Wemix announced through its official website, "We will first recover the stolen Wemix using the foundation's holdings," adding, "We plan to conduct a Wemix coin buyback to mitigate the impact of the asset theft and restore market confidence." Previously, Wemix suffered damages of approximately 9 billion won when 8.65 million coins were stolen in a hack late last month.
Additional investor protection measures are also expected. Wemix stated, "As part of investor protection measures, discussions are underway about methods that can bring positive effects to holders rather than short-term price speculators," adding, "Specific plans will be announced later."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
