WEMIX Case Closed: Former CEO Finally Cleared
The legal case against former Wemade CEO Jang Hyun-guk over WEMIX market manipulation allegations is officially over. His acquittal is now final.
Quick Facts:
Charges: Prosecutors alleged Jang manipulated the market in early 2022 with a false announcement about halting WEMIX coin liquidation.
Outcome: Courts acquitted him, finding the charges unproven.
Finality: The verdict became final on Dec. 5 after neither side appealed.
Why It Matters:
This case highlights the challenge of applying traditional finance laws to crypto.The ruling sets a precedent, requiring high evidence standards for similar manipulation claims and underscoring the need for clearer crypto regulations.
@Jang Hyun-guk, now CEO of Nexus, can move forward as this chapter closes.
