"Causing Major Losses"... WEMIX Investors Sue Wemade CEO Jang Hyun-guk

Amid ongoing controversy over Democratic Party lawmaker Kim Nam-guk's virtual asset (cryptocurrency) holdings, investors in the virtual asset WEMIX have filed a complaint against Jang Hyun-guk, CEO of Wemade, the issuing company, at the Seoul Southern District Prosecutors' Office. Within the gaming industry, there is speculation that an airdrop from Wemade or its affiliates may have been the reason behind lawmaker Kim Nam-guk holding a large amount of WEMIX.

According to the legal community on the 13th, the law firm Gwangya submitted a complaint on the 11th to the Seoul Southern District Prosecutors' Office requesting an investigation into CEO Jang on charges of fraud and fraudulent trading under the Capital Markets Act.

The Gwangya side claimed, "Wemade deceived investors with false information during the issuance and sale of WEMIX, causing significant losses." It is known that about 20 investors participated in the complaint.

WEMIX is a virtual asset related to P2E (Play to Earn) games issued in 2020 by Wemade, a domestic game company that developed the 'Legend of Mir' series.

Wemade faced controversy last January for a large-scale sale of WEMIX and was later sanctioned by the Digital Asset Exchange Joint Council (DAXA) with a trading suspension (delisting) for distributing more WEMIX than the circulation plan disclosed at the end of last year.

Inside and outside the gaming industry, there is speculation that an airdrop from Wemade or its affiliates may have been the reason lawmaker Kim Nam-guk came to hold a large amount of WEMIX. An airdrop is an event where a coin exchange or issuer gives new coins free of charge to coin holders according to their investment ratio as part of events or marketing.

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