WeMade employees sue company for unpaid cryptocurrency bonuses, claiming about $11 million

On January 8th, it was reported that 27 current and former employees of the blockchain division of gaming giant WeMade have filed a lawsuit against the company for "unpaid" cryptocurrency performance-based bonuses, demanding compensation of approximately $11 million. The group stated that the company had promised to pay them bonuses based on cryptocurrency performance as a reward for their work around the WEMIX token. Some of these employees still work at WeMade and are composed of members from WeMade Tree, a subsidiary of WeMade's former blockchain division. It is reported that the company developed WEMIX, which was first listed on a cryptocurrency exchange in 2020. WeMade then merged with WeMade Tree in February 2022.