South Korea Acquits Ex‑Wemade CEO in WEMIX Manipulation Case

South Korea Acquits Ex‑Wemade CEO in WEMIX Manipulation Case

After nearly a year of legal proceedings, a South Korean court acquitted Jang Hyun‑guk, the former CEO of blockchain gaming firm Wemade, of market manipulation charges related to the WEMIX token. The Seoul Southern District Court determined that Jang had no intention of using deceptive methods to manipulate WEMIX’s market price . Prosecutors had alleged that he falsely announced a halt in token liquidations to inflate prices and bolster inves...

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