In a significant development for the blockchain gaming industry, Henry Chang, the former CEO of South Korean gaming giant Wemade, has been acquitted of charges related to the alleged manipulation of the WEMIX token. The Seoul Southern District Court delivered its verdict on July 15, 2025, clearing Chang of all accusations after nearly a year of legal proceedings.
The case centered on allegations that Chang had intentionally manipulated the circulation of WEMIX, a cryptocurrency tied to Wemade’s blockchain gaming ecosystem, to influence market prices. Prosecutors claimed that deceptive practices were used, but the court found no evidence to support these claims, marking a pivotal moment for the crypto and gaming sectors in South Korea.
This acquittal is seen as a potential turning point for crypto startups in Asia, offering clarity on market manipulation laws and boosting investor confidence in digital assets. Industry experts believe the ruling could set a precedent for how blockchain-related cases are handled in the region, fostering a more supportive environment for innovation.
Chang’s legal victory comes at a time when blockchain gaming is gaining traction globally. Wemade, under Chang’s leadership, had positioned itself as a pioneer with the WEMIX platform, integrating cryptocurrency into gaming economies. The court’s decision reinforces the legitimacy of such initiatives, potentially paving the way for further adoption of blockchain technology in entertainment.
While the ruling is a win for Chang and Wemade, it may not be the end of the legal journey. Prosecutors have the option to appeal the decision, which could prolong uncertainty in the case. However, for now, the acquittal stands as a major milestone for the intersection of gaming and cryptocurrency.
As the industry watches closely, this outcome could inspire other blockchain firms to push boundaries with renewed confidence. The future of WEMIX and similar tokens may well depend on how regulators and courts continue to interpret and address the evolving challenges of digital currencies in gaming.
Maria Lourdes
