WEMIX Foundation Criticizes DAXA’s Delisting Decision at Emergency Press Briefing

Kim Seok-hwan, CEO of Wimix Foundation (Credit: IT Times)

 

At an emergency press conference held on May 3 in Pangyo, South Korea, the WEMIX Foundation strongly criticized DAXA's decision to delist its token, calling it unjust and lacking transparency. CEO Kim Seok-hwan expressed regret over the damage caused to users and partners, noting that despite submitting five rounds of documentation and participating in discussions—including offering access to their system—DAXA gave no consistent feedback before notifying of the delisting on May 2. Kim condemned the decision-making process as arbitrary and announced plans to seek a court injunction to halt the delisting. He emphasized WEMIX’s commitment to global expansion and called on Korean exchanges to act responsibly for the industry’s future, ending the briefing with a resolute quote: “It ain't over till it’s over.”

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WEMIX Foundation Criticizes DAXA’s Delisting Decision at Emergency Press Briefing - IT타임스