Microsoft-Backed WEMIX Falls 68%, Getting Delisted by Five Top Exchanges

Microsoft-Backed WEMIX Falls 68%, Getting Delisted by Five Top Exchanges

Altcoins

Crypto blogger Colin Wu has announced that five major exchanges in South Korea are delisting WEMIX token. This gaming platform has the Microsoft giant among its investors.

South Korean Digital Asset eXchange Alliance (DAXA), which consists of such platforms as Upbit, Bithumb, Coinone, Korbit and Gopax, has found out that creators of WEMIX token provided it with false information before the listing. These platforms will stop trading this coin on Dec. 8.

The price of the coin is plunging by more than 68% on the news.

Microsoft-Backed WEMIX Falls 68%, Getting Delisted by Five Top Exchanges

WEMIX is an Ethereum-based token developed by Wemix Pte. Ltd. This is a subsidiary of Wemade — a game developer founded 22 years ago, which created many popular games in South Korea.

It also built the Legend of Mir RPG, which was very popular in China and sold half a billion copies. Recently, Wemade raised $46 million from such companies as Microsoft, Shinhan Asset Management and others.

Similar news Suggest news

AltcoinsKorean exchanges to delist gaming company Wemade's native tokenwww.theblock.co11 h Suggest news

Send us the link to similar news on other source.

Why do we need it

Citation indicates the significance of news. The number of mentions in different sources allows to view the event from different angles.

Please help us in improving the app. If we published the news, and you found similar one in another source, send us a link to it.

Submit

Source

Leave a Reply

Your email address will not be published. Required fields are marked *