A Microsoft-backed altcoin project has been delisted from South Korea’s top 5 cryptocurrency exchanges for giving false information.
Mass delist decision for Microsoft-backed altcoin
Blockchain gaming platform WEMIX (WEMIX), which ranks 226th by market capitalization, is leaving South Korea’s top 5 crypto exchanges on the grounds that it gave false information that caused confusion among investors. Exchanges that have decided to delist: Coinone, Korbit, Upbit, Bithumb and Digital Asset Exchange Alliance (DAXA).
On the news, WEMIX price crashed by more than 70% in a short time. The Digital Asset Exchange Alliance (DAXA), an organization created by Gopax, one of the exchanges that took the delist decision, says that the altcoin project has given false information through DART disclosures. The WEMIX price fell after these claims were heard on social media. It lost more than 70% of its value in about two hours.
As we quoted as Kriptokoin.com, Microsoft invested 14.8 million dollars in WEMIX.
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