[Special Report] WEMIX Cryptocurrency Designated as Investment Caution Stock... Wemade Affiliate Drops Over 10%

[Asia Economy Reporter Kwon Jae-hee] The stock prices of Wemade affiliates are plummeting in early trading on the 28th. This follows the designation of the virtual currency 'Wemix,' issued by Wemade, as a cautionary investment item by the four major domestic virtual asset exchanges.

At 9:56 AM on the KOSDAQ market, Wemade is trading at 48,150 KRW, down 14.32% from the previous trading day.

At the same time, Wemade Max (-13.73%) and Wemade Play (-12.06%) are also showing double-digit declines.

Virtual currency exchanges Upbit, Bithumb, Coinone, and Korbit announced the day before that they had designated Wemix as a cautionary investment item.

When designated as a cautionary investment item, Wemix can still be bought and sold within the exchange, but Wemix held in wallets on other exchanges cannot be transferred to Upbit, Bithumb, Coinone, or Korbit.

Upbit stated that after the designation as a cautionary item, it will review the digital asset for two weeks to determine whether to ultimately terminate trading support.