[Upbit] Notice on Designation of Solve.Care (SOLVE) as an Investment Warning Item

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

Solve.Care (SOLVE) has been designated as an investment warning item, and as a result, the deposit service will be temporarily suspended.

(Pursuant to Article 17, Paragraph 1, Subparagraph 1 of the Enforcement Decree of the Virtual Asset User Protection Act)

Below is a detailed explanation of the reasons for designating it as an investment warning item, so members holding the digital asset are advised to check the following details.

[Explanation of Reasons for Designation as an Investment Warning Item]

• Target Market: SOLVE/BTC

• Reasons for Designation as an Investment Warning Item

• Upbit has identified that there are numerous deficiencies in Solve.Care (SOLVE) when comprehensively considering the total issuance of virtual assets, distribution plan, changes in business plans and their extent, the existence of necessary procedures for changes, transparency and rationality of change procedures, transparency of virtual asset operations, and the reality and sustainability of the business, which may cause user harm. Therefore, Upbit designates Solve.Care (SOLVE) as an investment warning item to protect investors.

• Designation Period as an Investment Warning Item: January 10, 2025 (Fri) 20:00 KST ~ January 24, 2025 (Fri) 23:59 KST

[Steps After Designation as an Investment Warning Item]

• Once designated as an investment warning item, Upbit generally determines whether to extend the designation, lift it, or terminate trading support through a detailed review of the digital asset.

• Upbit plans to conduct a review based on the digital asset trading support termination policy regarding the reasons for designation after the designation as an investment warning item.

• During the review process, the review period for the designation as an investment warning item may be extended, and if the reasons for designation are not completely resolved, the termination of trading support may be decided.

• If the review period is extended or the termination of trading support is decided, a separate notice will be provided, and the exact schedule will be announced through the relevant notice.

• Digital assets designated as investment warning items 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 investment warning items and termination of trading support is based on the Digital Asset Trading Support Termination Policy.

[Notice on Temporary Suspension of Deposits]

• Target Digital Asset: Solve.Care (SOLVE)

• Deposit Block Time: January 10, 2025 (Fri) 20:00 KST

• Notice on Resumption of Deposits: To be announced according to the procedures after the designation as an investment warning item

[Precautions Regarding Deposits]

• After the suspension of deposit support, deposits of SOLVE may not be reflected in the Upbit account, and in such cases, recovery may not be possible. Please be aware of this and do not deposit after the suspension of deposit support.

• During the suspension period, the deposit return procedure for the digital asset 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 reasons such as network congestion, and there may be a difference between the confirmation time of the transaction on the blockchain network and the time it is reflected in the deposit.

• Deposits may occur on some blockchain networks before or after the suspension time, but due to the processing status of our wallet system, normal processing is not possible during the inspection period, and it will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in the member account.

• In the case of unplanned inspections such as wallet inspections or network inspections, deposits may occur on some blockchain networks before or after the notice, but due to the processing status of our wallet system, normal processing is not possible during the inspection period, and it will be processed sequentially after the inspection is completed, so there may be delays in reflecting it in the member account.

• If there are any special circumstances regarding 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 may result in the loss of all or part of your investment.

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