WEMIX Trading Suspended on Major Korean Exchanges: Implications for DeFi and Security

Trading of WEMIX tokens will cease on major Korean exchanges like Bithumb and Coinone, effective June 2, 2025, according to the Digital Asset eXchange Alliance (DAXA). This action stems from unresolved security concerns and follows a previous DAXA assessment, leading to WEMIX’s second removal from these platforms. Wemade, the company behind WEMIX, has filed for an injunction to delay the decision. The suspension impacts liquidity providers and DeFi protocols reliant on WEMIX tokens.