[Upbit] Designation of Trading Suspension for Machine Exchange Coin (MXC)

Hello.

No.1 Virtual Asset Platform, Upbit.

Upbit is announcing the new designation of trading suspension for Machine Exchange Coin (MXC) according to the [Virtual Asset Trading Support Termination Policy]. The [Virtual Asset Trading Support Termination Policy] follows the decision of the Trading Support Deliberation Committee according to the [Virtual Asset Trading Support Policy].

For detailed information, please refer to the following.

■ Reason for New Designation of Trading Suspension (Virtual Asset Trading Support Termination Policy)

・Machine Exchange Coin (MXC)

It has been confirmed that a security incident occurred where some assets were stolen due to a technical issue. Although the cause and technical security have been completed through investigation, the announcement of the decision and damage measures for the relevant matter have not been confirmed, so it is designated as a trading suspension to protect investors.

■ Schedule and Reason for New Designation of Trading Suspension

・Designation Date: 2024.11.22 (Fri)

・Expected Time for Deposit Suspension on Trading Suspension: 2024.11.22 (Fri) 16:00

・Virtual Asset User Protection Act Enforcement Rule Article 17, Paragraph 1

・Schedule for Designation Extension, Cancellation / Trading Support Termination Announcement: Expected in the first week of December (12/2 ~ 12/6)

※ The above schedule is subject to change due to internal circumstances.

※ During the designation period, the designation cancellation is possible if the reason for designation is resolved.

Upbit will continue to monitor virtual assets with a systematic and continuous supervision and communication with external experts and the committee to ensure investors can trade safely and confidently in a transparent trading environment.

Thank you.

*This information is automatically generated.