[Upbit] Notice Regarding Designation of Pundi AI (PUNDIAI) as a Cautionary Trading Item

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

Pundi AI (PUNDIAI) has been designated as a cautionary trading item. (Article 17, Section 1, Paragraph M of the Enforcement Decree of the Virtual Asset User Protection Act)

*Pundi AI (PUNDIAI) has been designated as a cautionary trading item by members of the digital asset exchange joint consultative body (DAXA).

*The deposit and withdrawal services for Pundi AI (PUNDIAI) have already been suspended. Only the withdrawal service will be resumed at a later date, while the resumption of the deposit service will be announced according to the procedures that follow the designation as a cautionary trading item.

• Reference: [Notice on Temporary Suspension of Pundi AI (PUNDIAI) Deposits and Withdrawals Due to Contract Upgrade](https://upbit.com/service_center/notice?id=5318)

DAXA member companies may take actions for user protection, such as issuing warnings, designating cautionary trading items, or terminating trading support.

Below are the detailed reasons for the designation as a cautionary trading item. If you hold this digital asset, please review the following information.

[Details on Designation as a Cautionary Trading Item]

• Target market: PUNDIAI/BTC

• Reason for designation as a cautionary trading item

• Upbit, in accordance with exemplary practices for virtual asset trading support, has determined that there are several insufficient aspects regarding Pundi AI (PUNDIAI)—considering factors such as incidents of security breaches (such as hacking), or cases in which the issuer or operator fails to promptly disclose significant information about the virtual asset via appropriate electronic delivery media, etc.—which may cause user damage. Therefore, to protect investors, Upbit designates Pundi AI (PUNDIAI) as a cautionary trading item.

• Designation period: July 14, 2025 (Mon) 18:00 KST ~ July 28, 2025 (Mon) 23:59 KST

[Next Steps After Designation as a Cautionary Trading Item]

• Once designated as a cautionary trading item, Upbit generally reviews the digital asset in detail to determine whether to extend, lift, or finally terminate trading support for the cautionary designation.

• Post-designation, Upbit will conduct a review in accordance with the [Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf) regarding the reasons for the cautionary designation. The review period may be extended, and if the reasons for designation are not fully resolved, trading support may be terminated.

• If the review period is extended or trading support is terminated, further guidance including the exact schedule will be provided via a separate notice.

• After this notice has been posted, deposits for digital assets designated as cautionary items will not be credited, and all such deposit attempts will be counted as eligible for return.

• Upbit's designation of cautionary digital asset trading items and trading support termination are in accordance with the [Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf).

[Notice of Temporary Suspension of Deposit and Withdrawal]

• Target digital asset: Pundi AI (PUNDIAI)

• Suspension time: 2025-07-12 19:15 KST

*The deposit and withdrawal services for Pundi AI (PUNDIAI) have already been suspended due to a contract upgrade. When services are resumed, only withdrawal service will be available.

*The timing for resuming deposit services will be announced according to the procedures following the designation of a cautionary trading item.

Upbit is always committed to secure trading for our members.

Thank you.

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

*This is information generated automatically.