Wimix, which saw 8.65 million coins hacked, postpones decision to ”delist” it for two weeks

News 1 reported that the decision to "re-delist" WEMIX, a virtual currency issued by Wemade, has been extended for two weeks.
This is the second decision following the Digital Asset Exchange Joint Council (hereinafter referred to as DAXA), which is made up of the five major won exchanges (Upbit, Bithumb, CoinOne, Cobit, and Gopax).
On the 18th, the company said, "We have received explanations from the project side regarding the facts regarding the designation of stocks under watch and follow-up measures, and are currently proceeding with additional review procedures."
As a result, the decision on the delisting of Wemix has been postponed to the last week of April.
Prior to this, Wimix had a discrepancy between the amount of distribution announced for 2022 and the actual amount of distribution, and was listed among the top five cryptocurrency exchanges.
It was subsequently relisted on major exchanges, except for Upbit, including Bithumb, CoinOne, Cobit, and Gopax.
DAXA designated Wemix as a stock to watch on the 4th of last month.
The decisive factor was the hacking of about 8.65 million Wimix coins on "Ridge." On the day the hacking incident was made public, Wimix coins plummeted by about 18% in one day.
At the time, Bithumb said it had "dishonestly disclosed information that could have a significant impact on investors' decisions and the value of virtual currencies," and that it had "lacked a clear explanation for the cause of the incident and a plan to compensate victims."
The WIMIX Foundation proposed a compensation plan called "buyback" (buying its own coins) on the 6th of last month in order to resolve the situation.
In order to restore the price, the company plans to purchase more shares from the market than were seized. Nevertheless, DAXA stated on the 18th of last month that it would be necessary to carefully consider the facts and follow-up measures.
The designated period has been extended once. Wemix has put forward a compensation plan, but it is still unclear whether the buyback will be supported and whether the exchange will be able to monitor the buyback situation.
This is why DAXA is continuing to consider the stock by extending the period of time for which it is watching.
"We will mobilize all financial resources." As this is not a concrete plan, it is expected that Daxa will need to provide more detailed explanations.
In addition, what wallet will be used to carry out the buyback?
At an investor meeting on the 11th, Kim Seok-hwan said, "We sincerely apologize to our investors."
"We are doing our best to explain the situation (regarding the designation of the stock under watch)," the company said. Meanwhile, the Wimix Foundation announced on its official website on the same day that Wimix Coin 8, which was hacked in February,
The company announced that it had bought back all 654,860 units.