©Reuters. Wemade “Application for interim injunction against Upbit and Bitsum against ‘invalidation of Wemix'”
WeMade announced on the 28th that it has filed an application for an interim injunction to suspend the decision to stop supporting Wemix transactions (delisting) of virtual assets (cryptocurrency) issued by the company in the Seoul Central District Court.
The target is two digital asset exchanges such as ‘Upbit’ and ‘Bithumb’. We are also preparing applications for “Coinone” and “Korbit”, which participated in the decision to end transaction support.
A WeMade official said, “We plan to take all possible steps to normalize Wemix’s transactions.”
The Korea Digital Asset Exchange (DAXA, DAXA) joint advisory body announced on the 24th that it was ending support for Wemix transactions. There are four exchanges where Wemix is listed: Bithumb, Coinone, Upbit and Korbit. The transaction ends on the 8th of the following month and the withdrawal support ends at 15:00 on the 5th of January of the following year.
The reason for the delisting decision is ▲Wemix’s serious violation of distribution volume ▲Insufficient or incorrect information provided to investors ▲Error in the data sent during the explanatory period and damage to trust, etc.
