Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges

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A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming firm Wemade, of manipulating the WEMIX crypto token’s circulation.

On Tuesday, local news outlet News1 reported that the Seoul Southern District Court ruled Jang did not intend to influence crypto market prices using deceptive means. 

This ruling cleared him of violating the country’s capital market laws, marking a significant legal win for Jang, who now works at blockchain gaming company Nexus. 

Prosecutors alleged that Jang had falsely announced a halt in…



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Ex-Wemade CEO Jang Hyun-guk Acquitted of WEMIX Manipulation Charges



A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming firm Wemade, of manipulating the WEMIX crypto token’s circulation.

On Tuesday, local news outlet News1 reported that the Seoul Southern District Court ruled Jang did not intend to influence crypto market prices using deceptive means. 

This ruling cleared him of violating the country’s capital market laws, marking a significant legal win for Jang, who now works at blockchain gaming company Nexus. 

Prosecutors alleged that Jang had falsely announced a halt in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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