## WEMIX Circulation Manipulation Case: Prosecutors Seek Appeal Prosecutors have appealed the acquittal of Jang Hyun-guk, ex-Wemade CEO, in the 'WEMIX circulation manipulation' case. Jang, now CEO of Nexon, was initially charged without detention. ## Allegations of False Announcement and Investor Deception The Seoul Southern District Prosecutors' Office filed the appeal on the 17th. Jang is accused of falsely announcing a suspension of WEMIX coin liquidation in early 2022. This allegedly induced investors to purchase WEMIX, resulting in Wemade stock price gains and preventing a WEMIX price drop, creating incalculable profits. The prosecution aims to overturn the initial court decision and pursue accountability for the alleged manipulation. The appeal process will re-examine the evidence and arguments presented in the first trial. ```