'Hacking Victim' Wemix Delisted from Domestic Exchange for the Second Time

The cryptocurrency Wemix, issued by the domestic game company Wemade, has been delisted for the second time.

Bithumb, a participant in the Digital Asset eXchange Alliance (DAXA), announced on the 2nd that it would delist Wemix, which had been designated as a cautionary item.

DAXA is an alliance of five KRW virtual asset exchanges, including Bithumb, Gopax, Upbit, Coinone, and Korbit. The delisting decision also applies to Coinone, Korbit, and Gopax, where Wemix is listed.

DAXA announced, "The foundation's explanatory materials regarding the reasons for the cautionary designation were insufficient to resolve the reasons for the designation," and "As a result of a comprehensive review of issues related to the issuer's credibility, security, etc., it was decided to terminate the trading support as it does not meet the criteria for maintaining trading support."

Wemix trading will be suspended from 3 a.m. on June 2nd. Withdrawal support will also end on July 2nd.

This decision has also put a brake on Wemade's blockchain game business, which was considered a core business based on Wemix.

Wemix Foundation, a blockchain subsidiary of Wemade, announced on its website last March that "approximately 8,654,860 Wemix coins were abnormally withdrawn due to a malicious external attack on the Play Bridge Vault on February 28th."

DAXA designated Wemix as a cautionary item because "important matters that could significantly affect users' rational investment decisions or the value of virtual assets were unfaithfully disclosed, and there is a lack of clear explanation of the cause of the incident and compensation plans for victims."

Kim Daeyoung, Hankyung.com reporter kdy@hankyung.com