Wemix planed on investment caution list on Korean crypto exchanges

Wemix, cryptocurrency created by major Korean game developer Wemade, is placed on the investment caution list by the Digital Asset eXchange Alliance (DAXA), an association formed by Korea’s top 5 largest crypto exchanges to better protect investors against market volatility and fraud. Investment caution has been issued on Wemix after four DAXA member exchanges found the discrepancy between the actual outstanding coin volume of Wemix and the volume registered under Wemix’s listing plan, said Upbit, a DAXA member and the largest exchange by trading volume. For the next two weeks, Wemix transfer to Upbit, Bithumb, Coinone and Korbit, will be banned until it is removed from the caution list.

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