ChainCatcher news, the Seoul Central District Court ordered on July 31 that the closed virtual asset exchange GDAC return 7.8 million WEMIX tokens (worth approximately 7.31 million USD) to Wemade CEO Park Kwan-ho.The court supported Park Kwan-ho's application for a temporary injunction for the delivery of virtual assets submitted on July 29. If GDAC fails to comply with the order within 30 days, it will pay Park a daily fine of 3 million Korean won after the deadline.The court dismissed GDAC's allegations against Park regarding market manipulation and money laundering, noting that GDAC may have failed to maintain a 100% reserve ratio, which contradicts its previous statements. The court also hinted that the losses from the approximately 20 billion Korean won (about 14.48 million USD) hack GDAC suffered last April may not have been fully recovered.It is reported that GDAC terminated services on July 16, preventing Park from withdrawing the remaining WEMIX.

ChainCatcher news, Hyun-Guk Chang, CEO of South Korean gaming giant WeMade, stated regarding the delisting of the token WEMIX by several South Korean exchanges, "This will not have a fatal impact on WeMade's blockchain business. We currently have 20 games launched, but we are working hard to increase that to 30 to 40 by the end of this year and reach 100 by the first quarter of next year. Additionally, we are currently in discussions with overseas exchanges about listing the token."Previously, due to the call from the Korea Digital Asset Exchange Association (DAXA) to stop trading support for WeMade's token WEMIX to protect investors, several South Korean exchanges, including Bithumb, Upbit, Coinone, and Korbit, announced the delisting of WEMIX. (source link)