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Controversy continues to grow over whether or not Wemix, a virtual currency created by a game company called WeMade, will be delisted.
Following the point that the amount distributed in the market was different from the announcement, suspicions of 'unsecured' loans through subsidiaries were raised.
Reporter Kim Jung-woo reports exclusively.
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Wemix's market capitalization once rose to 3.5 trillion won, but has now decreased to 1/10.
It was revealed that 30% more Wemix was released to the market than promised, and virtual currency exchanges made the decision to delist.
Investors strongly protested, and WeMade also asked the court to stop the exit process, saying that it had applied excessive standards only to Wemix.
However, another suspicion was raised.
Last October, WeMade disclosed through public disclosure that it had borrowed nearly KRW 40 billion by entrusting 22 million WeMixes to its two subsidiaries as collateral.
However, as a result of checking, there was no record that Wemix was actually transferred to the subsidiary.
Even the contract between Wemix and its subsidiaries did not include this.
Regarding this, WeMade said, "We did not actually send Wemix," and "It means that we will not distribute Wemix as much as the borrowed money to the market at will."
It can also be a problem to use cryptocurrencies with high price volatility as collateral.
[Yejaseon/Lawyer: When something like real estate is really secured as collateral, that's the meaning of collateral.
Doing this without providing collateral, or continuing to hold coins in this way and taking money right now.]
After reviewing the data submitted by WeMade and the exchange, the court determined that the delisting action was appropriate by the day after tomorrow at the latest. I'm going to check whether I did it or not.
(Video editing: Lee Sang-min, VJ: Kim Sang-hyeok)