TechFlow, on May 2, according to official announcements, five South Korean cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—have announced plans to delist WEMIX, the blockchain platform token issued by Wemade, effective June 2, with token withdrawals ceasing on July 2.
The decision regarding this specific token was made through the Digital Asset Exchange Association (DAXA), which includes these five platforms as members. DAXA stated that the Wemix Foundation has not adequately addressed the issues that led to its designation as a cryptocurrency requiring investment caution, and after a comprehensive review of the issuing entity's credibility and security, determined the asset does not meet the standards for continued trading support.
Following the delisting announcement, WEMIX briefly dropped 60% to 0.25 USDT, and has since slightly recovered to 0.3788 USDT, down 48.07% over the past 24 hours.
