South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70% – Exchanges Bitcoin News

The Digital Asset Exchange Joint Consultative Body , the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors.An association of South Korean cryptocurrency exchanges, the Digital Asset Exchange Joint Consultative Body , announced on Nov.

The announcement by DAXA, which is made up of five crypto exchanges, namely: Bithumb, Coinone, Gopax, Korbit, and Upbit, came just days after some local media reports suggested the delisting decision would be revealed on Nov. 17. At the time, CEO of Wemade Henry Changby Hankyung publication, DAXA association members ultimately decided to remove the token from the respective platforms.

“The distribution amount exceeding the distribution plan submitted by Wemix to DAXA is a considerable amount of over-circulation at the time of designation as a warning issue, and it was judged that the degree was significant,” DAXA reportedly said. Further, the association accuses Wemade of circulating false information and confusing investors by releasing unconfirmed information about WEMIX’s listing status.

At the time of writing , WEMIX was down by nearly 70% to $0.488 while the token’s 24-hour traded volumes were just over $540 million. Meanwhile, DAXA reportedly said “Wemix’s transaction support will be terminated on Dec. 8 to protect investors.”

WEMIX is a transparent project... They are ready to go to court to confront this slander. I believe WEMIX will win the case. I bought more of this token cheap and hope to x4-x10 in the not too distant future.

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For sure this will be solved, WemixNetwork is a healty and very good project ! IMO there will be no delist, because CEO saying he will go to court to prove this.

Delist WEMIX, list $GULF!

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