WEMIX Foundation Challenges DAXA’s Delisting Decision, Plans Legal Action

The WEMIX Foundation held an emergency press conference on May 3rd to address the recent delisting of its token by the Digital Asset eXchange Alliance (DAXA). WEMIX Foundation CEO Kim Seok-hwan criticized DAXA’s lack of transparency and clear decision-making process, asserting that the alliance failed to communicate their criteria for delisting. He emphasized that despite submitting multiple explanations, including initial statements on March 10th outlining security measures and police investigations, they received no consistent feedback from DAXA before receiving the sudden notification of the delisting on May 2nd.