According to a report from South Korean media, the prosecutor's office is investigating game company WeMade. It is alleged that WeMade's virtual asset "WEMIX" is suspected of evading virtual asset reporting responsibilities and making profits beyond legal limits. In addition, WeMade has been accused of building a P2E ecosystem based on "WEMIX 3.0", which is suspected of being illegal. The prosecutor's office is particularly concerned about WeMade's virtual asset exchange "Phenix" and virtual asset wallet "PlayWallet" not providing personal keys to users, which may violate specific financial information laws. WeMade responded that it will actively cooperate with the relevant investigation.

Korean National Tax Service has fined Wemade 50 billion Korean won for its involvement in virtual currency.Wemade announced that the Comprehensive Corporate Tax Investigation Results from 2019 to 2022 by the National Tax Service resulted in an additional tax of 53.69 billion Korean won being levied. This amount is the sum of money collected from Wemade and its subsidiary, Wemade Tree.According to reports, the National Tax Service conducted a tax investigation into the virtual currency WEMIX issued and used by Wemade and Wemade Tree in the past, and decided to levy additional taxes.According to Bitget market data, WEMIX briefly fell to 2.6806 US dollars and is now priced at 2.769 US dollars, with a 24-hour decline of 5.56%.