Crypto Crisis: WEMIX Gets the Cold Shoulder in Korea! 🕵️‍♂️💸

Oh, darlings, gather ’round! Our dear old South Korea’s top crypto clubs are giving the cold shoulder to Wemix — that cheeky little token blushing at a mere $0.74! 🎭

WEMIX logo for drama

WeMade, that plucky South Korean game developer, has gone to the trade court — you know, the one with all the serious faces — accusing the big bad exchanges of a little corporate conspiracy. Apparently, the Digital Asset Exchange Alliance (or DAXA, if you fancy it) decided to play the silent treatment and chuck Wemix out with the bathwater. Oh, the scandal! They’re crying foul under South Korea’s fair trade laws, claiming a little collusion was at play. 📜

According to MLex, they say DAXA— a charming coalition of Upbit, Bithumb, Coinone, Korbit, and Gopax — has been working undercover. Quite the cloak and dagger! Allegedly, they conspired to unlist Wemix, citing ‘independent decision-making,’ which is corporate-speak for ‘we all talked in the dark, dear.’ 💼🤫

The exchanges, bless them, have denied such shenanigans, insisting they decided on their own — or so they say, as they sip their lattes.

Mark your calendars! WEMIX will vanish from these platforms come June 2, and you’ll have until July 2 to make your peace with the market or perhaps snipe that last token—if you’re quick enough! ⏳

WEMIX Takes a Dive — 70%, Darling!

And wouldn’t you know it, the DAXA gang threw in a little dirt about a $6.6 million theft — or 8.6 million tokens — in February. What a charming little hiccup! Now, Wemix’s value has plummeted over 70% in the past year, and from its glorious peak of $24.7 in 2021, it’s now a mere $0.37. Talk about a descent, darling. It’s been a grand fall from grace, reducing its market cap from billions to peanuts. 💸📉

Oh, the drama, the betrayals, and the fall from crypto grace! Never a dull moment, I dare say.

Read More

2025-05-26 18:45