Wemade Files for Injunction to Suspend Termination of Wemix Trading Support

According to industry sources on the 12th, Wemade announced that it filed for an injunction with the Seoul Central District Court on the 9th to suspend the effect of the decision to terminate trading support for the virtual asset (cryptocurrency) 'Wemix (WEMIX)'.

The targets of Wemade's injunction application are four digital asset exchanges that are members of the Digital Asset Exchange Alliance (DAXA): Bithumb, Coinone, Korbit, and Gopax.

The Wemix Foundation experienced an unauthorized large transfer of Wemix from the foundation's wallet on February 28, resulting in the theft of a total of 8.65 million virtual assets. Although the foundation began assessing the situation immediately after the hacking incident, controversy arose as the foundation did not notify the public on the day of the incident, citing security threats and market instability.

After reviewing the matter, the digital asset exchanges decided to terminate trading support for Wemix on May 2. Consequently, Wemix is facing delisting from the exchanges, effectively leading to its market exit starting June 2.

Kwanho Park, CEO of Wemade, criticized the decision to terminate Wemix trading support, stating, "Domestic exchanges have revealed arbitrary and unilateral collusion through a private gathering called DAXA, which has no legal authority or substance."

Seokhwan Kim, CEO of Wemix, also stated, "We will use all legal means to respond to DAXA's unreasonable decision."