Alpha Asset Management Suffers $25M Loss Post WEMIX Delisting

Alpha Asset Management faces substantial losses exceeding $25 million following the removal of the WEMIX cryptocurrency from Korean exchanges like Upbit and Bithumb. This delisting is due to compliance discrepancies stemming from a hacking incident that led to regulatory actions. The impact on Alpha Asset Management, particularly their investment strategy and operations, highlights the volatile nature of digital assets in the GameFi sector.