Following the decision of the major domestic virtual asset exchanges to delist ‘Wemix’, a virtual asset from Wemade, market confusion continues, with Wemade taking legal action.
As the truth battle between WeMade and the exchange spread, the financial authorities also decided to investigate the situation.
Reporter Kang Hee-kyung reports.
Wemix is a virtual asset published by WeMade, a gaming company.
Transactions have been made on Upbit and Bithumb, etc., but ‘Daksa’, a joint digital asset exchange advisory body that includes the 5 major virtual asset exchanges, decided to delist Wemix last week.
The main reason was that the actual distribution volume was too much higher than the distribution plan presented.
The CEO of WeMade held an emergency press conference and protested strongly.
I submitted explanatory materials, but they did not tell me what was insufficient, and I anticipated a lawsuit, saying that the exchanges only applied excessive standards to Wemix, and I immediately filed a request for an injunction with the court.
[장현국 / 위메이드 대표 : 당신들이 정의하고 있는 유통량은 무엇이고 그걸 어떻게 관리해야 하는지 가이드라인을 달라고 요청했지만 지금까지도 준 적은 없습니다. 이런 갑질을, 불공정을 그냥 두고 보지 않겠습니다.]
In response, Daksa refuted, saying that Wemics had not been able to explain itself fully even after 16 opportunities, so the member companies decided unanimously to remove the list, and that it was a measure to protect the trust of the market and investor protection.
The price of Wemix is plummeting while the truth workshop comes and goes.
Before the delisting decision, it was trading at around 2,200 won on major exchanges, but has fallen to less than 1/3, raising concerns about investor losses.
As the controversy grew, the financial authorities began to review whether there was room for institutional improvement.
I can’t intervene because I don’t have legal authority, but I’m going to look into the situation as much as I have conflicting claims about delisting.
In addition to Wemix, bad news breaks out in the virtual asset market every day, from the bankruptcy filing of the FTX Exchange to the delayed removal of ‘GoFi’ from the domestic exchange Gopax.
[김형중 / 고려대 정보보호대학원 교수 : 진실공방은 하루 이틀 사이에 끝나는 문제가 아니고 장기적으로 서로에게 피해를 입혀요. 그렇게 되면 시장 전체를 침체시키는 문제가 있기 때문에….]
Reliability around virtual assets is once again shaken by repeated large-scale crashes.
This is Kang Hee-kyung from YTN.
YTN Kang Hee-kyung ([email protected])
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