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South Korean court acquits former Wemade CEO of manipulating WEMIX
A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming company Wemade, of manipulating the circulation of the WEMIX cryptocurrency. Prosecutors alleged that Jang Hyun-guk had falsely announced a moratorium on the liquidation of WEMIX tokens to stabilize prices and inspire investor confidence in the asset. However, the court found no clear evidence that he intended to manipulate the market. Prosecutors allege that under the leadership of Jang Hyun-guk, Wemade unfairly s...
2025-07-15 08:46:42
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