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A virtual currency created by a domestic game company is in danger of being withdrawn because it deceived investors.
As the value went up to 2.8 trillion at one time and entered the delisting process, virtual currency is shaking again.
This is reporter Kim Jung-woo.
<Reporter>
Wemix, a virtual currency created by the game company WeMade.
When the decision to delist came out, the value fell to less than a quarter.
96% disappeared as the market capitalization, which rose to 2.8 trillion won a year ago, reached 110 billion won.
The actual stock of WeMade, which created this coin, also fell to the lower limit.
Cryptocurrency exchanges revealed that WeMade has been cheating investors.
They publicly announced that they had issued 245 million copies of Wemix, but as a result of the investigation, they actually printed and sold 70 million copies.
It is understood that this was confirmed belatedly because the issuing company decides how much cryptocurrency to issue and distribute.
Wemade announced that it had restored the temporary increase in circulation, and that it would continue to maintain transactions by mobilizing all means.
[Jang Hyeon-guk/CEO of Wemade: All the errors have been resolved now, but 'I can't trust Wemix's management' is something I can't accept.]
However, it's clear that we broke our promise to investors, It is pointed out that the vulnerability of the virtual currency market has been revealed once again.
[Hong Ki-Hoon/Professor, Hongik University Business School: 'I've done all the modifications, so there's no problem' is actually very dangerous.
It can be seen as a very big risk that the promise is not fulfilled.]
Gopax, which enters the top 5 virtual currency exchanges, is also unable to pay the money entrusted by some customers, so trust in the market continues to shake.