Korean star Jun Ji-hyun's husband, Choi Joon-hyuk, faces a loss of 15.80 billion KRW due to investment in the blockchain gaming company Wemade.
MetaEra news, on June 7 (UTC+8), Alpha Asset Management, led by CEO Choi Jun-hyuk, is facing significant unrealized losses due to holding Wemade shares valued at 35 billion KRW. The company purchased shares at 34,894 KRW and 63,887 KRW per share in October 2023 and January 2024 respectively, while the current share price is 25,000 KRW, resulting in an estimated loss of 15.80 billion KRW.
Recently, the cryptocurrency $Wemix was delisted again by the Korean exchange alliance DAXA due to a security incident, dashing expectations of a rebound in Wemade's stock price. Previously, $Wemix's price surge had repeatedly driven Wemade's stock price upwards.
Wemade recorded an operating loss of 11.30 billion KRW in the first quarter, widening year-on-year. Analysts attribute this mainly to weak performance in the company's blockchain business and high marketing costs for the game "Legend of Ymir."
Wemade plans to hold an emergency online briefing at 6:30 PM tonight, attended by Kim Seok-hwan, representative of the $Wemix Foundation, to discuss communication with global exchanges and potential legal actions.
(Source: Odaily)
Korean star Jun Ji-hyun's husband, Choi Joon-hyuk, faces a loss of 15.80 billion KRW due to investment in the blockchain gaming company Wemade.
MetaEra news, on June 7 (UTC+8), Alpha Asset Management, led by CEO Choi Jun-hyuk, is facing significant unrealized losses due to holding Wemade shares valued at 35 billion KRW. The company purchased shares at 34,894 KRW and 63,887 KRW per share in October 2023 and January 2024 respectively, while the current share price is 25,000 KRW, resulting in an estimated loss of 15.80 billion KRW.
Recently, the cryptocurrency Wemix was delisted again by the Korean exchange alliance DAXA due to a security incident, dashing expectations of a rebound in Wemade's stock price. Previously, Wemix's price surge had repeatedly driven Wemade's stock price upwards.
Wemade recorded an operating loss of 11.30 billion KRW in the first quarter, widening year-on-year. Analysts attribute this mainly to weak performance in the company's blockchain business and high marketing costs for the game "Legend of Ymir."
Wemade plans to hold an emergency online briefing at 6:30 PM tonight, attended by Kim Seok-hwan, representative of the Wemix Foundation, to discuss communication with global exchanges and potential legal actions.
(Source: Odaily)
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