• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Ripple Donates ‘Skull of Satoshi’ to Bitcoin Community

    Ripple Donates ‘Skull of Satoshi’ to Bitcoin Community

    James Wynn Faces $99M Bitcoin Liquidation Amid Market Slip

    Brazilian Fintech Méliuz Launches $78.6M Bitcoin Share Offering

    Meta Shareholders Reject Bitcoin Treasury Proposal

    Tether Supports Twenty One Capital’s $100M Bitcoin Purchase

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Cardano Faces 3% Drop Amid Market Correction

    Cardano Faces 3% Price Decline Amid Market Trends

    SEC Cautions Staked Ethereum, Solana ETF Viability

    James Wynn Aims for $1B Comeback After $60M Loss

    James Wynn’s $1B Comeback in Crypto Trading

    Shiba Inu Burns 1.17 Billion Tokens in Supply Reduction

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

WEMIX Token Faces 50% Drop After Delisting News

Solomon M. by Solomon M.
May 2, 2025
in Altcoin News
Key Points:
  • Major exchanges delist due to security concerns.
  • Price plunges amid market responses.
  • Wemade initiates legal action against exchanges.
wemix-token-delisting-impact
WEMIX Token Delisting Impact

WEMIX experienced a dramatic 50% price drop following South Korean exchanges’ decision to delist the token. Five major exchanges including Upbit and Bithumb cited security concerns, especially after a February hacking incident. The delisting is slated for completion by June 2, 2025, with final token withdrawals by July 2, 2025.

The WEMIX token is produced by Wemade Ltd., a Web3 game developer acclaimed for its blockchain gaming advances. Following the delisting news, the company embarked on legal proceedings in Seoul to dispute the exchange operators’ collective decision.

DAXA, Korea Digital Asset Exchange Association, noted, “After conducting a comprehensive review of the security issuer’s reliability and security standards, we have decided to terminate transaction support for WEMIX because it does not meet the criteria.” This highlights the strategic challenges for WEMIX and its impacts on investor trust.

Security Breaches and Regulatory Implications

The WEMIX delisting caused a significant market ripple, as investors reacted to uncertainty. This is the second major delisting event for WEMIX in South Korea, highlighting ongoing concerns about the token’s adherence to security standards. This development follows a substantial security breach earlier, with over 8.65 million tokens compromised.

Financial and market implications extend beyond price volatility. The incident underscores the potential need for tightened regulations and comprehensive security protocols in the crypto gaming sector. It raises questions about the necessary balance between transparency and crisis management in cryptocurrency policies.

With the cancellation decision citing a lack of reliable security standards, the future of WEMIX in the South Korean crypto ecosystem remains uncertain. Previous incidents indicate a pattern of volatility which may influence regulatory attitudes towards blockchain gaming. Investors and regulators will likely monitor how these challenges shape industry standards.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Ethereum Whale Sells $2M in ETH for Altcoins

Next Post

Ripple Halts RLUSD Minting Amid Market Speculation

Solomon M.

Solomon M.

Related Posts

Cardano Faces 3% Drop Amid Market Correction

by Solomon M.
June 1, 2025

Cardano experiences a 3% price drop as the cryptocurrency market corrects, trading around $0.69.

Cardano Faces 3% Price Decline Amid Market Trends

by Solomon M.
June 1, 2025

Cardano experiences a 3% price dip in late May 2025, reflecting broader altcoin market trends.

SEC Cautions Staked Ethereum, Solana ETF Viability

by Solomon M.
May 31, 2025

SEC warns RexShares on staked Solana and Ethereum funds' ETF eligibility, impacting crypto market dynamics.

James Wynn Aims for $1B Comeback After $60M Loss

by Solomon M.
May 31, 2025

James Wynn, known for crypto trading, eyes a $1 billion comeback after significant losses, focusing on meme token Moonpig.

James Wynn’s $1B Comeback in Crypto Trading

by Solomon M.
May 31, 2025

Crypto trader James Wynn, known as "moonpig," eyes a $1 billion comeback through decentralized meme coins trading on Hyperliquid.

Shiba Inu Burns 1.17 Billion Tokens in Supply Reduction

by Solomon M.
May 31, 2025

Shiba Inu community burns over 1.17 billion tokens, affecting SHIB supply and market dynamics.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.