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Wemade to Take Legal Action Against Delisting of Its Token

Wemade Co.'s Mir4 mobile game.
Wemade Co.'s Mir4 mobile game.Photographer: SeongJoon Cho/Bloomberg

South Korean online games company Wemade Co. said it will take legal action against an association of local crypto exchanges that plan to delist the company’s native token Wemix.

“The Wemix team neither acknowledge, nor agree with this decision, especially since the company has not been given an explanation about this resolution,” Wemade said in a statement Friday.