According to ChosunBiz, Alpha Asset Management, which is run by Choi Jun-hyuk, the husband of South Korean star Jun Ji-hyun, suffered significant losses after investing in the gaming company Wemade. Alpha invested a total of 35 billion won in Wemade shares in 2023 and 2024, and now has a cumulative book loss of 15.8 billion won due to the stock price plummeting by about 28%. The decline is related to the secondary removal of Wemix's virtual currency by a South Korean trading platform, which previously lost about 9 billion won in assets due to hacking. Wemix is a virtual currency issued by Wemade through its subsidiaries.
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AltcoinMarathoner
· 20h ago
Just another bump in the crypto marathon. 158B KRW loss is a painful split time, but Wemade's fundamentals haven't changed since our initial thesis. These exchange delistings are like hitting the wall at mile 20 - time to hydrate, adjust pace, and push through. Been running this race since 2017, seen worse hills.
Han star Jun Ji-hyun's husband's fund lost 15.8 billion won due to Wemade's investment, and Wemix was delisted from the exchange.
According to ChosunBiz, Alpha Asset Management, which is run by Choi Jun-hyuk, the husband of South Korean star Jun Ji-hyun, suffered significant losses after investing in the gaming company Wemade. Alpha invested a total of 35 billion won in Wemade shares in 2023 and 2024, and now has a cumulative book loss of 15.8 billion won due to the stock price plummeting by about 28%. The decline is related to the secondary removal of Wemix's virtual currency by a South Korean trading platform, which previously lost about 9 billion won in assets due to hacking. Wemix is a virtual currency issued by Wemade through its subsidiaries.