According to Wemade CEO Henry Chang, Cryptocurrency exchange Upbit was the brain behind the Digital Asset Exchanges Joint Advisory Council (DAXA) decision to delist WEMIX. Wemade’s CEO has accused Upbit of applying different standards and failing to provide token supply guidelines to his company.
Wemade has not been formally notified of its delisting decision
Just days after the Korean Association of Cryptocurrency Exchanges announced the delisting of WEMIX tokens , Wemade CEO Henry Chang has accused the token issuer — the Upbit crypto exchange, of orchestrating the removal of the token. In an online press conference, Chan also claimed that he had not been formally notified of the decision to delist the token.
As reported by Bitcoin.com News, South Korea’s Digital Asset Exchanges Joint Advisory Council (DAXA) has said the WEMIX token will be delisted in his December. To justify this decision, DAXA claimed that the token information provided by Wemade (the game company) was false and caused confusion among investors.
However, at a online press conferenceon November 25, Chang said that his Upbit, the largest cryptocurrency exchange in He revealed that he had suspended his WEMIX. Discrepancies between planned tokens and tokens actually in circulation. However, when Wemade asked to provide token distribution standards and guidelines, Upbit did not, he said.
“When [WEMIX] received an investment warning, we asked Upbit for distribution standards and guidelines, but to date, we have not received anything,” Chang said. It is reported.
Claims of double standards
The CEO also stated that Upbit would apply or use different standards when dealing with other projects. I pointed out that Exchange for planned supply of respective tokens.
Meanwhile, a report by Forkast News said that his CEO of Wemade acquired more of his WEMIX tokens to show his belief that the tokens would recover. suggests. After the delisting announcement, WEMIX’s USD value plummeted by nearly 70% in less than 24 hours.
When asked about the possibility that Korean users may not be able to access the token, Chang said the token is still listed on other exchanges such as Okx, Kucoin, Crypto.com, etc. I was. His team is reportedly in talks with Binance and Coinbase.
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