[Coinone] Notice on Designation of Investment Warning Asset: WOO

Hello, this is Coinone.Coinone has supported trading only after rigorously reviewing each virtual asset to build a healthy digital asset ecosystem. In accordance with the 'Policy on Designation of Investment Warning Assets and Delisting,' we announce the designation of WOO as an investment warning asset. Customers holding this digital asset are required to carefully check this notice and take it into consideration for use. WOO has been designated as an investment warning asset by member companies of the Digital Asset Exchange Alliance (DAXA).

DAXA member companies may take actions such as issuing warnings, designating investment warning assets, or delisting, in order to protect users. Accordingly, customers holding this digital asset should carefully check this notice and take it into consideration. Reason for designation as investment warning asset: WOO has been found to show circumstances of a security incident where funds were withdrawn without authorization from user accounts within the WOO X platform operated by the issuer/operator. To investigate the authenticity of the incident and prevent additional damages, this digital asset will be designated as an investment warning asset for approximately one month. Reference materials: Official Announcement 1 from the WOO Foundation Official Announcement 2 from the WOO Foundation Warning notice: WOO Cautions -⁃ When an asset is designated as an investment warning asset or when trading support ends, deposit of the asset may be suspended. In such cases, notification will be provided separately.⁃ Coinone will conduct a thorough review of the asset to decide on extension or removal of investment warning designation or delisting. The duration may be extended depending on the clarification process, and if the reason for designation is not resolved, trading support may end. In such cases, notification will be provided separately.⁃ Please be especially careful when investing in assets designated as investment warning. Coinone will continue efforts to maintain a sound and transparent digital asset ecosystem. Thank you.

Coinone Team

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