The WEMIX Team has announced the launch of a two-phase buyback plan to stabilize the ecosystem following the asset theft incident.
WEMIX Buyback Plan
The first phase involves purchasing WEMIX coins worth KRW 10 billion to recover losses from the asset theft. The second phase includes an additional buyback of 20 million WEMIX coins for rapid ecosystem stabilization.
Progress of the First Phase
As of April 18, 2025, a total of 8,654,860 WEMIX coins have been repurchased, equivalent to the stolen amount. The buyback operates based on a total value of KRW 10 billion, rather than a specific quantity.
Future of the Second Buyback Phase
Following the completion of the first phase, the WEMIX Team will proceed with the second phase, which includes buying back 20 million WEMIX coins. Final results, including wallet addresses, will be shared upon completion of the first phase.
The WEMIX Team remains committed to the swift recovery of the ecosystem and plans further steps aimed at stabilizing the coin market.
