Jang Hyun-guk To Face Trial Next Month for Wemix Coin Distribution Manipulation
CryptoNewsTerminal Staff13 Aug, 2024
Jang Hyun-guk To Face Trial Next Month for Wemix Coin Distribution Manipulation
Former Wemade CEO Jang Hyun-guk's Trial for Wemix Coin Distribution Manipulation The first trial for former Wemade CEO Jang Hyun-guk, accused of manipulating the distribution of Wemix coins, is set to take place next month. Jang is alleged to have falsely announced in January 2022 that the liquidation of Wemix coins would be suspended until February, misleading investors into purchasing the coins. This action allegedly made it impossible to calculate profits, such as price gains on Wemade stocks, and prevented a potential decline in Wemix coin prices. Jang's trial is a significant development in the ongoing investigation into the manipulation of Wemix coins. The outcome of the trial will have implications for the cryptocurrency industry and investors, highlighting the importance of responsible trading practices and transparency in the digital asset market.
