Henry Chang steps down Wemade Max co-CEO, as announced on September 6, 2024, by the South Korean blockchain game company’s subsidiary. According to Digital Daily, Henry Chang, who previously served as the CEO of Wemade, resigned from his co-CEO position at Wemade Max due to personal reasons. His resignation comes amid legal challenges, with Chang facing charges related to the alleged manipulation of the WEMIX token’s circulating supply.
Legal Troubles for Henry Chang
Chang’s departure follows a period of legal scrutiny, as prosecutors have charged him with manipulating the circulating supply of WEMIX, Wemade’s native token. The charges have drawn significant attention to the company and its leadership, prompting Chang to step down from his role at Wemade Max.
Leadership Transition at Wemade Max
With Chang’s exit, Lee Gil-hyung will assume full responsibility as the sole CEO of Wemade Max, the subsidiary company. This transition is seen as a strategic move to ensure stability as the company continues to develop its blockchain gaming ecosystem.
Conclusion
Henry Chang steps down Wemade Max co-CEO due to personal reasons, leaving Lee Gil-hyung as the sole CEO of the company. Chang’s resignation follows legal challenges concerning the manipulation of the WEMIX token’s supply, which has cast a shadow over the leadership transition at Wemade Max.
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