South Korean blockchain game maker Wemade has filed an immediate appeal against a court decision that rejected the company’s request to prevent four of the nation’s largest crypto exchanges from delisting its native cryptocurrency, WEMIX.
The game company filed injunctions against the exchanges, which were dismissed by a Seoul court last week. WEMIX was subsequently removed from the four platforms, and Wemade’s shares and crypto values subsequently plummeted.
Wemade has listed WEMIX on GDAC, another local crypto exchange, and has announced that it will buy back and burn $10 million worth of WEMIX in an attempt to recover the token’s value.
