[Coinone] Termination of Trading Support: WEMIX

Hello, this is Coinone. Coinone has supported trading after rigorously reviewing each virtual asset to create a healthy virtual asset ecosystem.

In accordance with the 'Policy on Designation of Investment Warning and Termination of Trading Support,' we announce the termination of trading support for WEMIX (WEMIX, WEMIX mainnet). Customers holding the relevant virtual asset must check this notice for your reference.

Trading support for WEMIX will be terminated by the member companies of Digital Asset eXchange Alliance (DAXA).

Reference materials:

Notice on Designation of Investment Warning: WEMIX

First Extension of Investment Warning Designation: WEMIX

Second Extension of Investment Warning Designation: WEMIX

DAXA member companies may take measures such as warnings, designation of investment warning, or termination of trading support for user protection. Therefore, customers holding the relevant virtual asset must check this notice for your reference.

Reason for termination of trading support:

WEMIX was designated as an investment warning asset because, on March 4, 2025, a malicious external attack occurred on the official WEMIX bridge vault, resulting in abnormal withdrawals of WEMIX, delayed disclosure of related important matters, and failure to verify a clear explanation of the incident's cause and compensation plans for victims. Afterwards, although explanatory materials were requested from the WEMIX Foundation and thoroughly reviewed, no materials were found sufficient to justify the removal of the investment warning designation. Therefore, for user protection, Coinone will terminate trading support for WEMIX.

Major Schedule

Trading support termination date: June 2, 2025 (Mon), 15:00

Withdrawal support termination date: July 2, 2025 (Wed), 15:00

Please Note

• Deposits for the relevant virtual asset may be suspended upon designation as investment warning or termination of trading support. WEMIX was designated as an investment warning asset on March 4, 2025 (Tue), 11:30 (KST), and deposits have been suspended. (Related link)

• For virtual assets with terminated trading support, conversion to KRW is impossible and Travel Rule will apply in all cases. Thus, additional recipient information must be entered, or you can withdraw after approval to an external wallet address (whitelisting).

• All open orders will be cancelled in bulk after the trading support termination date.

• Existing trading history will be maintained even after the withdrawal support termination schedule.

• To enable withdrawals after the trading support ends, you must issue a deposit wallet address for the relevant virtual asset before the trading support termination schedule.

• The trading support termination period may be shortened due to legal, institutional, or special requirements arising during the termination process. In such cases, we will inform you through a separate notice.

• Even after the withdrawal support period has ended, Coinone Customer Center can be requested for withdrawal. However, for withdrawals of virtual assets without trading support, a certain amount of fee may be charged. (Related link)

• For virtual assets with terminated trading support, technical support such as mainnet change, contract change, airdrop, token swap, or network updates may be discontinued, and the value of the virtual asset may decrease or disappear accordingly. Be sure to withdraw all virtual assets within the withdrawal support period.

Coinone will continue to make every effort to maintain a healthy and transparent virtual asset ecosystem.

Thank you.

Coinone Team

*This information is automatically generated.