0540 GMT - South Korean videogame developer WeMade Co. is the most mentioned company in the news over the past four hours, according to Factiva data, after crypto exchanges in South Korea suspended trading of its gaming tokens. The country's Digital Asset eXchange Alliance said Thursday that WeMade's Wemix token would stop trading on members' platforms on Dec. 8, according to the Korea Economic Daily. DAXA said WeMade had provided misinformation in its response to DAXA's Oct. 27 investment warning to the effect that there were more Wemix tokens in the market than WeMade had disclosed. On Friday, WeMade, which raised around $46 million from Microsoft Corp. in its most recent investment round, said in a statement on Medium that it had responded to the investment warning in good faith, and had taken actions to resolve the discrepancy identified by DAXA. WeMade shares were last at KRW39,400, down 30%. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)


(END) Dow Jones Newswires

11-25-22 0055ET