[Featured Stock] Wemade Falls 3% as WEMIX Investment Warning Extension Announced

[Asia Economy Reporter Myunghwan Lee] Wemade is showing weakness in the market on the morning of the 18th. This appears to be due to the extended designation period of the virtual currency 'Wemix' issued by the company as an investment caution item.

As of 10:46 AM on the day, Wemade is trading at 55,100 KRW, down 2.99% (1,700 KRW) from the previous trading day.

On the previous day, major domestic virtual currency exchanges supporting KRW trading, such as Upbit and Bithumb, announced that the investment caution designation for Wemix has been further extended until the 24th. This extension decision follows the Digital Asset Exchange Joint Council (DAXA), composed of the five major virtual currency exchanges.

Earlier, DAXA confirmed a discrepancy between the known circulation volume and the actual circulation volume of Wemix and designated Wemix as an investment caution item on the 27th of last month.

In response, Jang Hyun-guk, CEO of Wemade, held a meeting at G-STAR in Busan on the 17th and said, "Regardless of fault, it is my responsibility as the ultimate person in charge of our company that token holders and shareholders have experienced uncertainty due to this issue," adding, "I take this opportunity to apologize."

This content was produced with the assistance of AI translation services.