South Korea put WeMade on the list of risky projects. This happened due to the fact that several exchanges noticed an error in the information about the WEMIX tokenomics. The creators are convinced that this happened unintentionally. They inadvertently left out some data and did not reveal the release of the coins, which were intended to provide liquidity to the mainnet and for user rewards.

That is why the WeMade project has been placed on the "beware" list to warn all users, investing in the project. Also, this status was awarded to him by well-known stock exchanges of the country. The UpBit team stated that WEMIX has a lot more tokens in circulation than they previously reported (by about 72 million). Platforms Bithumb, Korbit and Coinone issued a similar statement to also warn all investors.

During the audit, it was found that there is a big difference between the information, provided to DAXA member companies and the actual number of coins. DAXA - the South Korean Digital Asset Exchange Association.

WeMade stated that there was no data synchronization between CoinMarketCap and exchanges. That is why some nuanced differences may be between the quarterly WEMIX report and the number of tokens, currently in circulation.

The UpBit team stated that experts will continue to check this cryptocurrency startup and promised to complete all WEMIX transactions in case of any adverse activity.