Wemix Plans to Purchase Additional 20 Million WEMIX... "For Ecosystem Stabilization"

Wemix (WEMIX), which recently suffered from a hacking incident, announced plans to purchase an additional 20 million WEMIX (approximately 16.8 billion won) from the market.

On the 14th, Wemix stated through its official website, "The Wemix team has decided to stimulate the ecosystem through market purchases instead of utilizing existing foundation holdings to promote ecosystem stabilization."

Wemix explained, "This purchase follows the same approach as the Wemix buyback plan announced on March 13, and we will carefully determine the period and method to prevent any issues during the purchase process."

The additionally purchased Wemix will be used for marketing and development support, future team compensation, and other purposes. Wemix added, "If additional resources are needed for ecosystem activation, we will announce it later."

Meanwhile, Wemix suffered damages of approximately 9 billion won due to a hacking incident at the end of last month.