Choi Joon-Hyuk, CEO of Alpha Asset Management and husband of Korean star Jun Ji Hyun, faces massive losses on 35 billion KRW ($26M) Wemade investments. After purchasing shares in October 2023 and January 2024 betting on blockchain gaming, Wemade's WEMIX was delisted from Upbit and Bithumb, triggering a 25%+ stock collapse.

In 2025, the South Korean crypto assets market is undergoing a critical transformation from retail investor-driven to institutional and heavily regulated, led by four major policy pillars: 1) phased opening for corporate participation (2025H1 non-profit organizations can sell held coins, H2 listed companies/qualified institutions trial trading); 2) building a framework for Spot Bitcoin ETF and Korean won stablecoin (FSC has submitted an implementation plan); 3) cracking down on unregistered operators and KYC violations (e.g., local CEX facing sanctions from FIU, DAXA delisting WEMIX for the second time); 4) Central Bank suspending CBDC research, turning to "bank-led" stablecoin pilot (the four major banks are actively preparing). Market dynamics show: the Korean won ranks second globally in fiat crypto trading volume (USD 663 billion from the beginning of the year to date), with nearly 1/3 of South Korean adults holding crypto assets. Despite facing legislative challenges (951 amendments needed) and geopolitical competition (accelerating Japan and Hong Kong), South Korea aims to push through strict compliance and

Global blockchain platform WEMIX has expanded its adoption of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to allow secure, direct transfers of Ethereum-native USDC into the WEMIX3.0 ecosystem. The announcement was made via Chainlink’s official X (formerly Twitter) account, and marks a s

Key Points: WEMIX delisting impacts Wemade stock and Alpha Asset holdings. Wemade stock suffers a 20% drop in 2023. WEMIX sees a 60% price collapse post-delisting. On June 7, 2025, Alpha Asset Management faced substantial losses due to the delisting

A $680M surge in market volume has ignited significant gains in low-cap altcoins with minimal fundamental changes. WEMIX, MAMO, FLOCK, KTA, and MYRIA showed exceptional short-term performance driven by speculative inflows and momentum trading. Analysts warn the gains may be temporary without

CoinVoice has learned that the Digital Asset Exchange Association (DAXA) of South Korea issued a statement on May 15, emphasizing that member exchanges have the autonomy to decide on the delisting (termination of trading support) of encryption assets, and that DAXA does not intervene in such decisions. This statement is seen as a response to the controversy arising from the recent delisting of WEMIX by exchanges such as Bithumb, Coinone, Korbit, and GOPAX. DAXA stated that unless special circumstances arise, the decisions made by each exchange based on user protection and market judgment should be respected.

According to Techub News, the Korea Digital Asset Exchange Association (DAXA) released a statement on May 15, emphasizing that member exchanges have the autonomy to decide on the delisting (cessation of trading support) of encryption assets, and DAXA does not intervene in such decisions. This statement is seen as a response to the controversy arising from the recent delisting of WEMIX by exchanges such as Bithumb, Coinone, Korbit, and GOPAX. DAXA stated that, unless special circumstances arise, the decisions made by each exchange based on user protection and market judgment should be respected.

According to Mars Finance, the Korea Digital Asset Exchange Association (DAXA) released a statement on May 15, emphasizing that member exchanges have the autonomy to decide on the delisting (termination of trading support) of encryption assets, and DAXA does not interfere with such decisions. This statement is seen as a response to the controversy sparked by the recent delisting of WEMIX by exchanges such as Bithumb, Coinone, Korbit, and GOPAX. DAXA stated that, unless special circumstances arise, the decisions made by each exchange based on user protection and market judgment should be respected.

The world of cryptocurrency is rarely dull, and recent events in South Korea prove just that. The threat of a WEMIX delisting by major exchanges has escalated, leading blockchain gaming giant Wemade to take decisive legal action. Wemade Files WEMIX Injunction: What Happened? In a significant

AI has discovered today: 1. Bitcoin has broken through $96,000, sparking market discussions, analysts predict it could reach an all-time high. 2. The top five exchanges in South Korea have delisted WEMIX, causing a short-term big dump of 60% for the token. 3. The Ethereum ecosystem is facing doubts, with over $1.2 billion in capital outflow triggering a Crisis of Confidence. 4. The crypto gaming sector is struggling, and the industry is calling for adjustments to the token unlocking mechanism. 5. Entrepreneurs are confused, and the industry hopes the integration of AI and crypto assets will bring new opportunities.

Wemade's blockchain subsidiary Wemix Foundation lost about 8.65 million WEMIX Token due to a Hacker attack. CEO Kim Seok-hwan believes that the Hacker is not North Korea's Lazarus Group, but a professional who penetrated the system by stealing the Nile service monitoring authentication Secret Key. The Hacker attack lasted for two months, with 15 withdrawal attempts, 13 of which were successful. The company plans to reopen the service on Friday and enhance security measures.

WEMIX, a blockchain gaming platform owned by South Korea's listed game company Wemade, was hacked on February 28, and about 8654860 WEMIX tokens were stolen, causing a loss of about 9 billion won. The WEMIX Foundation executed 20 million tokens to mitigate the market impact. The Foundation emphasized that it did not conceal the attack and cooperated with law enforcement in tracking down the attackers.

The Wemix subsidiary lost nearly 8.65 million WEMIX tokens (about $6.22 million) as a result of the hack. The company has called the police and launched a buyback program in an effort to protect the interests of investors. It is planned to fully resume services on March 21, while strengthening crisis management and investor communication mechanisms.

Tokens and coins that moved the most in the last 24 hours: Top Movers of the Day (at 9 a.m. update): Venom and WEMIX: These cryptocurrencies have grown remarkably over the past 24 hours, with WEMIX surging by 21.42% since midnight. Overview: Over the last 24 hours, the crypto market

Wemade's subsidiary Wemix collaborates with the Japanese animation company Toei Animation to launch a web3 game called "DenDenGarden", based on the DenDekaDen IP, revolving around seven unique characters and their divine powers, inviting players to own DenDekaDen Non-fungible Tokens. The game is planned to be launched globally, with a special focus on the Japanese, Southeast Asian, and North American markets.

In South Korea, the Seoul Central District Court ruled in favor of Wemade CEO Park Kwan-ho in a high-risk dispute over the altcoin WEMIX. The court ordered the bankrupt cryptocurrency exchange GDAC to return tokens worth more than $7 million. This decision is important for the cryptocurrency asset.