Wemix to Conduct Second Buyback of 20 Million WEMIX for Rapid Ecosystem Stabilization
Summary
- Wemix announced that it aims for rapid ecosystem stabilization through a second buyback of 20 million WEMIX.
- The first buyback was conducted on a scale of 10 billion KRW, including the damage valuation of 8.75 billion KRW and an additional 1.25 billion KRW.
- Domestic exchanges Bithumb, Coinone, Korbit, and Gopax are expected to announce today whether Wemix will be delisted.
Wemix (WEMIX) shared updates on the progress of its first and second buybacks.
On the 18th, Wemix announced through an official blog post that it plans to conduct a second buyback of 20 million WEMIX. This is an additional purchase of Wemix aimed at recovering from theft damage and rapidly stabilizing the ecosystem.
Previously, Wemix conducted the first buyback starting from the 14th of last month to recover from the theft incident, completing the buyback of 8,654,860 stolen units today. Regarding this, Wemix explained, "The first buyback was implemented based on a scale of 10 billion KRW (8.75 billion KRW in damage valuation and an additional 1.25 billion KRW) and will continue until all remaining resources are used."
Meanwhile, domestic virtual asset (cryptocurrency) exchanges Bithumb, Coinone, Korbit, and Gopax are expected to announce today whether Wemix will be delisted.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
