Wemade to take legal action against delisting of its token

11/27 13:16

According to Bloomberg, South Korean online games company Wemade Co. said it will take legal action against an association of local crypto exchanges that plan to delist the company’s native token Wemix. “The Wemix team neither acknowledge, nor agree with this decision, especially since the company has not been given an explanation about this resolution,” Wemade said in a statement Friday. The statement came in response to a decision by the Digital Asset Exchange Alliance, which comprises the South Korean exchanges Upbit, Bithumb, Coinone, Korbit and Gopax, to halt trading of the token on Dec. 8. The decision led to a drop in value of the Wemix coin, along with declines in the share prices of Wemade and its affiliate Wemade Max.
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