Charges of WEMIX Manipulation Dropped: Former CEO Jang Hyun-guk Fully Acquitted

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 05 2025

Should l Buy WEMIX?

WEMIX Manipulation Charges Acquittal: Former Wemade CEO Jang Hyun-guk has been acquitted of charges related to market manipulation of WEMIX, with the court ruling that the prosecution did not meet the necessary evidentiary standards.
Legal and Regulatory Implications: The case sets a legal precedent regarding what constitutes market manipulation in cryptocurrency, highlighting the need for clearer regulatory frameworks tailored to digital assets.
Impact on Market Confidence: The resolution of the WEMIX charges reduces uncertainty for investors and may influence how similar cases are prosecuted globally, emphasizing the importance of executive communications in the crypto market.
Future of Cryptocurrency Regulation: This outcome suggests that regulators may need to develop more specific guidelines for cryptocurrency market practices, as traditional securities laws may not adequately address the complexities of digital assets.

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Technical Analysis for WEMIX

Technical Sentiment Analysis for WEMIX (WEMIX) As of , WEMIX (WEMIX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WEMIX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, WEMIX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

WEMIX (WEMIX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.214	0.254	0.289	0.33	0.365	0.405	0.44
Fibonacci	0.254	0.283	0.301	0.33	0.359	0.376	0.405

About WEMIX

WEMIX3.0 mainnet is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of web 3.0 platforms. The mainnet is a high-performance Ethereum Virtual Machine (EVM) compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus mechanism. The mainnet claims to offer the highest security possible, based on decentralized on-chain governance via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high transaction per second (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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