News linked to both this project and an event.
According to reports from South Korean media outlet Dailian, the Digital Asset Exchange Association (DAXA) released the "2026 Digital Asset Policy Compilation." Professor Jo Jae-woo of Seoul National University pointed out that since the 2017 ICO ban, domestic crypto projects in South Korea have continuously relocated their issuing entities and operational foundations overseas due to regulatory gaps. Token issuance for Klaytn is handled by a Singaporean legal entity, while WEMIX under Wemade similarly uses a Singaporean corporation as its issuer. Subsequently, Metabora relocated to Dubai and NeoFin moved its foundation to Abu Dhabi, further exacerbating the trend of industry outflow. Experts highlighted that the regulatory disparity between domestic and foreign issuers, along with difficulties in opening corporate bank accounts, are key obstacles. They emphasized that "South Korea does not need more relaxed regulation, but clearer rules," calling on the Digital Asset Basic Act to clarify licensing standards for services such as issuance, custody, and verification, and to establish special procedures for repatriating core functions from overseas back to the country.
According to "Digital Assets", South Korean blockchain platform WEMIX released an official announcement on July 27, acknowledging a security incident involving its stablecoin WEMIX$ (WEMIX Dollar) smart contract. The incident occurred at 6:18 PM on July 26, when the owner permissions of the WEMIX$ smart contract were hijacked, resulting in approximately $6.25 million (approximately 87 million KRW) worth of WEMIX$ being abnormally minted and transferred to external addresses. WEMIX stated that it has identified the addresses suspected of being used in the attack and is conducting on-chain tracking, while collaborating with major exchanges and blockchain security agencies to monitor the flow of stolen assets, and will cooperate with law enforcement agencies if necessary.
the WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have been detected suggesting that contract ownership may have been compromised. The relevant team is currently verifying the facts and assessing the impact of the incident, and will release the investigation results and subsequent response measures as soon as possible based on the progress of the investigation. Until further official updates are released, WEMIX reminds users to exercise caution regarding unverified information and to maintain a high level of vigilance when transacting or investing in related assets.