Korea Prosecutes Former Wemade CEO for Withholding WEMIX Token Sales Data
full version at dailycoin
South Korean prosecutors indicted the former Wemade CEO. The former CEO stepped down from his role in March. Prosecutors pressed charges for Capital Markets Act violation, citing several allegations. Former Wemade CEO, Chang Hyun-guk, has been indicted for allegedly falsifying and omitting data relating to the sales of the company’s cryptocurrency, WEMIX. The South Korea-based blockchain game developer launched WEMIX in 2020 as its native token to power a range of utilities, including governance. While the token witnessed relative success post-launch, generating $210.6 million in sales within a year, its fleeting glory dwindled when South Korea’s Digital Asset eXchange
Continue reading on DailyCoin.
