Wemix (WEMIX) Smoothly Progressing with Second Buyback... "Aiming to Recover a Total of 30 Million WEMIX"
Summary
- The Wemix team announced that the second coin buyback is proceeding as planned to recover from the recent incident and stabilize the ecosystem.
- They aim to recover a total of 30 million WEMIX, managing schedule changes with exchanges following the incident.
- This buyback is explained as part of efforts to overcome past crises such as delisting.
The Wemix (WEMIX) team announced that the second coin buyback (self-purchase) they are promoting is proceeding as planned.
On the 15th, Wemix stated through their official channel, "The Wemix team has established two buyback plans to quickly recover from the recent PlayBridge incident and stabilize the ecosystem, and has been implementing them through domestic and overseas exchanges," adding, "The second buyback is proceeding without any issues as planned, and detailed results will be provided once the announced quantity is purchased." The total buyback volume for the first and second phases combined is approximately 30 million WEMIX.
In February, approximately 8.65 million Wemix coins were stolen due to hacking from Wemix's own service 'PlayBridge'. At the time, this amounted to about 8.8 billion KRW.
Subsequently, DAXA extended the designation of Wemix as a cautionary item for trading twice in March and April, discussing whether to support trading, but decided to delist it after about two months, considering the severity of the situation.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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