DAXA Directly Refutes Wemade on 'WEMIX' Delisting... "Not Involved in Delisting"

The Digital Asset Exchange Joint Consultative Body (DAXA) directly addressed Wemade, which protested by claiming "DAXA delisted WEMIX."

On the 15th, DAXA released a statement saying, "DAXA does not interfere with the trading support decisions of its member companies," and "It is necessary to grant exchanges the discretion to determine trading support for effective user protection." This means that the final decision on whether to delist a token from a virtual asset exchange is made by the exchange. DAXA is a private self-regulatory consultative body established in 2022 by domestic virtual asset exchanges such as Upbit, Bithumb, and Coinone.

DAXA issued this statement because Wemade, the issuer of WEMIX, recently announced legal action against DAXA. On the 9th of this month, Wemade filed for an injunction to suspend the delisting effect against DAXA-affiliated exchanges such as Bithumb and Coinone at the Seoul Central District Court. Wemade pointed out in a recent press conference, "DAXA is a private organization where the interests of exchanges are inevitably reflected," and criticized, "Not disclosing the delisting criteria or discussion process is an abuse of discretion that causes serious harm to investors."

Regarding Wemade's claims, DAXA emphasized, "False information is being continuously disseminated." A DAXA representative stated, "DAXA does not respond to issues related to individual items due to concerns about market impact," but added, "However, this time, a statement was issued to prevent confusion as false information suggesting 'DAXA decides on delisting' is being continuously disseminated."