The South Korean Procuratorate investigates WeMade virtual asset WEMIX for allegedly evading legal reporting responsibilities

According to South Korean media reports, the prosecutor's office is investigating the gaming company WeMade, which issued a virtual asset "WEMIX" with a market value of 1 trillion won, for allegedly evading the responsibility of virtual asset industry reporting and making large profits outside the scope of the law. In addition, WeMade is accused of violating the law by increasing the number of subsidiaries and building a P2E (Play to Earn) ecosystem based on "WEMIX 3.0". The prosecutor's office is particularly concerned about the failure of WeMade's virtual asset exchange "Phenix" and virtual asset wallet "PlayWallet" to provide users with personal keys, which may violate certain financial information laws. WeMade responded that they did provide personal keys and would actively cooperate with relevant investigations.