Delist Shock from 5 Exchanges to the Famous Microsoft-Backed Altcoin! The Price has Dropped By 70 Percent!
Several major crypto exchanges based in South Korea have announced that WEMIX, a token linked to a gaming platform, has been removed from their lists. The crypto project recently announced that it had raised funds from companies including the technology giant Microsoft. Dec. The Joint Advisory Body of the Digital Asset Exchange, which consists of the top five exchanges in the country, has announced a date for the token to be removed from the list.
The Digital Asset Exchange Joint Advisory Group included Upbit, Bithumb, Coinone, Korbit and Gopax exchanges. The exchanges have stated that Wemix provided false information. The company behind the token recently raised $46 million in a round that included companies such as Microsoft. However, finally, the Korean crypto exchanges said that they found errors in the data submitted by the company. According to South Korean media reports, the exchanges suggested that they had found discrepancies in important information, such as the volume of distribution.
The exchanges stated
This is an unusual situation in which it is difficult to restore confidence in the ability to identify and manage important information in the project, as important information, such as the volume of distribution, is revised several times after submission.
There Was a Big Fall
Taking this situation into account, the five exchanges announced their decision to terminate the transaction support provided to WEMIX in order to ensure investor safety. They added that support for WEMIX transactions will end on December 8. The WEMIX token is currently 226 by market capitalization. is ranked. The token has lost about 70% in value over the past 24 hours due to the news of its removal from the list. According to the world-famous price monitoring platform CoinMarketCap, as of writing, the WEMIX price is at the level of 0,4738 dollars.
Meanwhile, the WEMIX team made a statement that they are working on the exchanges to reverse their Decisionto withdraw transaction support. In response to the unilateral decision to terminate WEMIX transaction support, it was stated that the team will immediately and actively respond to the situation.
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