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South Korea’s largest cryptocurrency exchange says the number of WEMIX tokens in circulation exceeds what Wemix has disclosed.
Bithumb, Upbeat, Coinone, Korbit and Gopax, part of South Korea’s largest cryptocurrency exchange called the Digital Asset eXchange Alliance (DAXA), announced yesterday (November 24) that they will delist the WEMIX token. . DAXA has alleged that Wemix, the company behind the WEMIX token, provided false information in response to an investment warning DAXA issued to him in October.
According to DAXA’s announcement, WEMIX trading is scheduled to close on December 8, 2022.
On October 27, DAXA issued an investment warning claiming that there are more WEMIX tokens in circulation than Wemix disclosed. In response to the allegations, Wemix promised that he would work with DAXA to mitigate the concerns.
Shortly after the delisting news was reported, Wemix Communication issued a statement Claiming to have addressed concerns raised by DAXA and fixed a number of distribution supply issues, the team said:
The WEMIX team has neither acknowledged nor agreed with the unreasonable decisions made by the Digital Asset eXchange Alliance (DAXA) that the Foundation has not circulated any more WEMIX than it has publicly disclosed to date. It is important to pay attention to
Unfortunately, the market has already reacted to the news of the delisting, with the WEMIX token plummeting by more than 70% within minutes of the news and is still down.
