CoinVoice has learned that, according to Cointelegraph, the Southern District Court of Seoul ruled on Tuesday that the charges against former Wemade CEO Jang Hyun-guk for manipulating the circulation of WEMIX tokens were not established.

The prosecution accused him of concealing the fact of continuing to sell over $200 million worth of tokens in 2022, but the court found a lack of evidence for intentional market manipulation. As a result of this latest news, WEMIX briefly surged, but it is still down about 97% from its peak in 2021 [original link]