WEMIX token plunges 70% after it's delisted by Korean exchanges

South Korea’s largest crypto exchanges have announced they will delist WEMIX — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued.

In the investment warning issued Oct. 27, DAXA alleged that there was considerably more WEMIX in circulation than Wemix had disclosed, and Wemix had pledged to work with DAXA to alleviate these concerns.

The price of WEMIX plummeted following the news, and at the time of writing is down 70.8% with a current price of $0.476.

Never put $USDT into any 'NFT gaming' stuff. Lesson learned

Crypto gaming companies are worst. Imagine selling all these NFT scams without having any game produced

Wemix will be going up hard again, WEMIX CEO information was correct

Ok, but I only listen to ChiefraFba for signals and analysis I have a 91% win rate in 2 months of copying his signals 🚀

Oh No how can this be true. Most tokens have more in circulation then stated. Welcome to counterfeiting and dumping. Taking a page out of SBF_FTX playbook. Keep Printing and Dumping. Wake up People shave that wool off. cryptocurrency fraud ponzi crypto

It is true that he committed an act close to a crime due to the manipulation of excessive circulation. No matter how much they followed up. Paying the settlement money after a car accident doesn't mean that the case itself will go away. Biased articles are not good.

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