Summary
- Wemix announced that it will add overseas exchanges to the buyback to stabilize token value.
- They stated that they plan to expand the buyback through overseas exchanges to increase the speed of ecosystem stabilization.
- This measure is a strategic decision worth 26 billion KRW to recover the token value after the hacking incident.
Wemix (WEMIX), which recently suffered a hacking incident, is utilizing overseas exchanges for the buyback (market purchase) it is pursuing to stabilize token value.
On the 10th, Wemix announced on its official website, "The Wemix buyback has been underway through domestic exchanges since the 14th of last month," and "from today, we plan to expand the target exchanges for buyback to include overseas exchanges." Wemix stated, "This is a measure to increase the speed of ecosystem stabilization through more efficient buyback progress," and "we will do our best to ensure that the buyback is faithful to its original purpose and proceeds without a hitch."
Previously, in February, Wemix suffered a loss of 900 million KRW due to the theft of 8.65 million coins in a hacking incident. In response, Wemix announced last month that it would pursue a buyback worth 26 billion KRW to stabilize the value of the Wemix token.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
