[Coinone] Notice of Trading Support Termination: ASM

Hello, this is Coinone.Coinone has provided trading support for each digital asset by rigorously screening assets to create a healthy virtual asset ecosystem.

In accordance with the 'Designation of Caution Items and Trading Support Termination Policy,' we hereby announce the termination of trading support for Assemble AI (ASM, Ethereum ERC20). Customers holding this digital asset must check this notice and refer to it for your usage.

Trading support for Assemble AI (ASM) will be terminated by the member exchanges of the Digital Asset Exchange Alliance (DAXA).

Reference: Notice on Designation of Items Subject to Caution: ASM, SNX

DAXA members may take measures such as issuing caution alerts, designating items as subject to caution, and terminating trading support to protect users. Therefore, if you hold this digital asset, please check this notice thoroughly and use it as a reference.

Reason for termination of trading support: Trading support for Assemble AI (ASM) will be terminated as of April 24, 2025, as a result of comprehensive consideration regarding the public disclosure and extent of important matters related to the asset, transparency and reasonableness of the procedures for changes of significant matters, and the use, purpose, and function of the digital asset. Several shortcomings were found, and the possibility of user damage has been confirmed, thus ASM has been designated as a caution item. Although we meticulously reviewed the matter by requesting explanatory materials from Assemble AI (ASM), no documents were submitted to resolve the grounds for caution. Therefore, to protect users, trading support for Assemble AI (ASM) will be terminated.

Key Dates:Trading support end date: June 30, 2025 (Monday), 15:00Withdrawal support end date: July 30, 2025 (Wednesday), 15:00

Important Notes⁃ When an asset is designated as a caution item or trading support is terminated, deposits for the digital asset may be suspended. In such a case, a separate notice will be provided.⁃ For assets for which trading support has ended, calculation of the KRW value is not possible and the Travel Rule applies in all cases. Therefore, you must enter additional recipient information or obtain approval for withdrawals to a whitelisted external wallet address.⁃ Any outstanding orders will be canceled in bulk after the trading support end date.⁃ Existing transaction histories will remain even after the withdrawal support end date.⁃ In order to be able to withdraw the digital asset after trading support termination, you must issue a deposit wallet address before the trading support ends.⁃ The period for trading support termination may be shortened due to legal, institutional, or exceptional circumstances during the process. In such cases, we will inform you via a separate notice.- Even after the withdrawal support period ends, withdrawal requests can be made to the Coinone Customer Center. However, a certain amount of fee may be charged for withdrawals of unsupported digital assets. (Related link) - For digital assets with terminated trading support, technical support for changes such as mainnet migration, contract change, airdrop, token swap, or network update may be discontinued. As a result, the value of the asset may decrease or become void. Be sure to withdraw all assets during the withdrawal support period.

Coinone will continue to do its best to maintain a sound and transparent digital asset ecosystem.Thank you.

Coinone Team

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