Wemix was taken down by major Korean exchanges due to credibility and security issues
2025-05-02 09:36:33
Five South Korean cryptocurrency exchanges, Upbit, Bithumb, Coinone, Korbit and Gopax, have announced their intention to delist WEMIX, Wemade's blockchain platform coin, on June 2, with token withdrawals to terminate on July 2. It is reported that the decision regarding the specific token was made through the Korean Digital Asset Exchange Association DAXA, whose members include these five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to the designation as an investment prudent cryptocurrency. After a comprehensive review of the credibility and security of the issuing entity, it was determined that the asset did not meet the criteria for maintaining transaction support.
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