[Upbit] Notice on Designation of DAD and Bitcoin Gold (BTG) as Items of Caution

Hello. This is Upbit, the most trusted global standard digital asset exchange.

DAD and Bitcoin Gold (BTG) have been designated as items of caution, and accordingly, the deposit service will be temporarily suspended. (Virtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Subparagraph 1)

Below is the detailed reason for the designation as items of caution, so members holding these digital assets are advised to check the following details.

[Reason for Designation as Items of Caution]

~~1) DAD (DAD)~~

• Target Market: DAD/BTC

• Reason for Designation as Item of Caution

• Upbit has identified that there are numerous shortcomings in DAD regarding the disclosure of important matters related to virtual assets, transparency in the operation of virtual assets, and the reality and sustainability of the business, which may cause harm to users. Therefore, Upbit designates DAD as an item of caution to protect investors.

• Designation Period: December 10, 2024 (Tue) 12:00 KST ~ December 24, 2024 (Tue) 23:59 KST

~~2) BTG (Bitcoin Gold)~~

• Target Market: BTG/KRW

• Reason for Designation as Item of Caution

• Upbit has identified that there are numerous shortcomings in Bitcoin Gold regarding the capabilities of the project-related entities, transparency in the operation of virtual assets, and the reality and sustainability of the business, which may cause harm to users. Therefore, Upbit designates Bitcoin Gold as an item of caution to protect investors.

• Designation Period: December 10, 2024 (Tue) 12:00 KST ~ December 24, 2024 (Tue) 23:59 KST

[Steps After Designation as Items of Caution]

• After designation as items of caution, Upbit generally determines whether to extend, lift, or terminate the final trading support for the digital assets through detailed review.

• The review period for the designation as items of caution may be extended, and if there is an extension of the review period, we will inform you through this notice.

• If the reasons for designation as items of caution are not completely resolved during the review period, Upbit will provide guidance on the termination of trading support through a separate notice, and the exact schedule for the termination of trading support will be announced through the notice of termination of trading support.

• Digital assets designated as items of caution cannot be reflected in deposits after the time of this notice, and all deposits are subject to return.

• Upbit's designation of digital assets as items of caution and termination of trading support is based on the Digital Asset Trading Support Termination Policy.

[Notice on Temporary Suspension of Deposits]

• Target Digital Assets: DAD, Bitcoin Gold (BTG)

• Deposit Block Time: December 10, 2024 (Tue) 12:00 KST

• Notice on Resumption of Deposits: To be announced according to the procedures after designation as items of caution

[Precautions Related to Deposits]

• After the suspension of deposit support, deposits of DAD and BTG may not be reflected in the Upbit account, and in such cases, recovery may not be possible. Please be careful not to deposit after the suspension of deposit support.

• During the suspension period of deposit support, the deposit return procedure for the digital assets will be temporarily suspended, and will be processed sequentially after the resumption of deposit support.

• If a deposit suspension occurs, there may be delays in deposit processing due to network congestion, and there may be a difference between the time of confirmation of the transaction on the blockchain network and the time of deposit reflection.

• Deposits may occur on some blockchain networks before or after the suspension time, but normal processing is not possible during the inspection period according to our wallet system processing situation, and processing may be delayed as it is processed sequentially after the inspection is completed.

• In the case of unplanned inspections such as wallet inspections and network inspections, deposits may occur on some blockchain networks before or after the notice, but normal processing is not possible during the inspection period according to our wallet system processing situation, and processing may be delayed as it is processed sequentially after the inspection is completed.

• If there are any special circumstances related to the resumption of deposit support, we will inform you through this notice.

Upbit will always do its best to ensure safe trading for our members.

Thank you.

※ Virtual assets are high-risk products that can result in the loss of all or part of your investment.

*This is automatically generated information.