The WEMIX team has announced the completion of the first phase of the coin buyback aimed at mitigating the effects of the WEMIX PLAY Bridge incident.
Details of the First Buyback Phase
The first phase of the buyback took place from March 14 to April 21, 2025. The total buyback amount was KRW 10,277,946,281, during which 10,050,534.40 WEMIX coins were purchased at an average price of KRW 1,022.63 per coin.
Audit and Transparency
To ensure transparency, an independent external accounting firm will conduct an audit of the transaction records and verify the accuracy of the disclosed amount and volume. Due to the withdrawal policies of various exchanges, a significant portion of acquired WEMIX coins remain temporarily in exchange wallets.
Plans for the Second Buyback Phase
The next phase will involve an additional purchase of 20 million WEMIX coins, with details to be announced upon completion. The WEMIX team views the buyback as a supplementary measure to restore trust and continue the growth of the ecosystem.
The completion of the first phase of the buyback marks a significant step in WEMIX's recovery process as the team continues its efforts to strengthen the ecosystem and future initiatives.
