ChainCatcher news, on the afternoon of the 7th, the 42nd Civil Division of the Seoul Central District Court conducted the first debate preparation for a lawsuit filed by 27 former and current senior employees of WeMade against the company, seeking approximately 16.2 billion won in damages.
Among these employees, some are still working at WeMade, consisting of members from the subsidiary Wemade Tree (the former blockchain department of WeMade). The company developed WEMIX, which was first listed on a cryptocurrency exchange in 2020. WeMade subsequently merged with Wemade Tree in February 2022.
During the debate preparation that day, the plaintiff's representative argued: 'The plaintiff is an employee who developed WEMIX and signed a WEMIX development compensation agreement with the investors. The condition is that the work time is over 3 years.' They further added: 'There are emails from the company stating that they would clearly promise the plaintiff token compensation.'
The judge's evaluation stated: 'The plaintiff's weakness is the lack of a contract', '(even so) it is strange that the defendant claims that they cannot give the employees a penny due to the absence of a contract.'
According to previous reports, former and current employees of Wemade Tree (now merged into WeMade), the development company of the WEMIX project, filed a lawsuit against WeMade for damages amounting to 16.2 billion won (approximately 11.85 million USD).