WEMIX Hacking of 9 Billion Won, Delisting Decision to Be Made at the End of April

The decision on the delisting of WEMIX, which was involved in a hacking incident worth 9 billion won, has been postponed by a month.

On the 18th (KST), the top 5 domestic won-based exchanges (Bithumb, Coinone, Korbit, Gopax) excluding Upbit announced through a notice that "WEMIX has been designated as an item of caution by the Digital Asset Exchange Joint Consultative Body (DAXA) member companies for about one more month."

They further explained, "We will receive explanations from the project regarding the facts and follow-up measures related to the designation of the item of caution and proceed with additional review procedures," and "To conduct a more thorough review, we are extending the designation of the item of caution." As a result, the decision on the delisting of WEMIX is expected to be made in the third week of April.

Previously, on February 28, the WEMIX Play Bridge Vault was hacked, resulting in the theft of 8,654,860 WEMIX. At the time, this was worth about 8.8 billion won. There was particularly strong controversy over the lack of disclosure. The WEMIX Foundation announced the incident on the 4th (KST), four days after it occurred. Subsequently, DAXA designated WEMIX as an item of caution and suspended deposits due to the lack of disclosure.

Meanwhile, Seok-Hwan Kim, the head of the WEMIX Foundation, stated at an emergency meeting on the 17th (KST), "There was no intention or attempt to conceal the hacking," and explained that the notice was delayed due to concerns about additional attacks and market panic caused by the stolen assets. He added, "We will do our best to explain to DAXA."

An anonymous exchange official told Bloomingbit, "WEMIX is a virtual asset that many investors are interested in," and "We will thoroughly review the WEMIX Foundation's explanations, compensation plans for victims, and solutions to stabilization issues."