The South Korean Prosecutor’s Office is investigating WeMade’s virtual asset WEMIX for allegedly evading legal reporting responsibilities

According to a report from South Korean media, the prosecutor's office is investigating game company WeMade. It is alleged that WeMade's virtual asset "WEMIX" is suspected of evading virtual asset reporting responsibilities and making profits beyond legal limits. In addition, WeMade has been accused of building a P2E ecosystem based on "WEMIX 3.0", which is suspected of being illegal. The prosecutor's office is particularly concerned about WeMade's virtual asset exchange "Phenix" and virtual asset wallet "PlayWallet" not providing personal keys to users, which may violate specific financial information laws. WeMade responded that it will actively cooperate with the relevant investigation.

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