$WEMIX Token CRASHES 60% After Korean Exchanges Pull Plug Over Hack Cover-Up


$WEMIX token plummeted over 60% Friday after South Korea's major crypto exchanges collectively announced plans to delist the token.


This marks the second time $WEMIX has been #delisted from Korean exchanges, making it the first native token in South Korea to face this situation twice.


The decision follows a February hack on Wemix's Play Bridge that resulted in $6.2 million in token losses. Wemix Foundation waited four days before alerting users to the exploit, claiming the delay was to "prevent market panic."


All trading will cease on June 2, with token withdrawals ending July 2 across all major Korean exchanges.


#Wemix has apologized to its community and reaffirmed commitment to its ecosystem, pledging to continue with its $7.1 million token buyback program announced in March.

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May 02, 2025 at 2:18 PM
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