Alpha Asset Management Suffers Major Losses After WEMIX Delisting

Alpha Asset Management is facing significant financial losses after WEMIX, a key asset in its portfolio, was delisted from major Korean exchanges including Upbit and Bithumb. This event has significantly impacted the value of Wemade shares, causing a 25% year-to-date stock decline. The lack of official statements from Alpha Asset Management or Wemade regarding these losses adds to market uncertainty.