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Exchange Announcement

[Coinone] Notice on Termination of Trading Support: ERN

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  • Coinone announced that trading support for Ethernity Chain (ERN) will end on September 22, 2025, at 15:00.
  • The main reason for this decision is that ERN failed to properly disclose important matters in a timely manner or made arbitrary changes, and there were issues found with transparency and reliability.
  • After trading support ends, deposits may be halted, the travel rule will be applied, and technical support discontinued, so investors must complete withdrawals within the withdrawal support period due to the risk of decline in asset value or loss.
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  • The article was summarized using an artificial intelligence-based language model.
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Hello, this is Coinone.

Coinone has rigorously reviewed each virtual asset to support trading in order to create a sound virtual asset ecosystem.

In accordance with the 'Policy on Designation of Cautionary Assets and Termination of Trading Support', we hereby inform you of the termination of trading support for Ethernity Chain (ERN, Ethereum ERC20).

Customers holding this virtual asset are strongly advised to check this notice and refer to it for your usage.

Reason for Termination of Trading Support:

It was found that Ethernity Chain (ERN) either failed to publicly disclose information that could significantly impact the value of the virtual asset in a timely and appropriate manner or made arbitrary changes without justifiable reasons. Considering the transparency and rationality of the major change procedures and the social credibility of the key parties, there remain multiple deficiencies that may cause user damages, leading to its designation as a cautionary asset. Although we meticulously reviewed and requested clarification materials from the Ethernity Chain team, we did not obtain documents sufficient to judge the grounds for the cautionary asset status have been resolved. As such, for user protection, Coinone is terminating trading support for Ethernity Chain (ERN).

Key Dates

Trading Support Termination Date: September 22, 2025 (Monday), 15:00

Withdrawal Support Termination Date: October 22, 2025 (Wednesday), 15:00

Precautions

  • When designated as a cautionary asset or when trading support ends, deposits for the asset may be suspended. In such cases, we will notify you with a separate announcement.

  • For assets whose trading support has ended, conversion to KRW value is not possible and the Travel Rule applies in all cases. Therefore, you must provide additional recipient information or withdraw to an externally whitelisted wallet address that has been approved.

  • All outstanding orders will be collectively canceled after the termination of trading support.

  • Existing trade history will remain available even after withdrawal support ends.

  • You must issue a deposit wallet address for the asset before the trading support termination date to ensure withdrawal support is available after termination.

  • Depending on requirements from laws, regulations, or authorities during the termination process, the trading support termination period may be shortened. In such cases, a separate notice will be provided.

  • Even after the withdrawal support period has ended, you may request withdrawals through the Coinone Customer Center. However, withdrawals of assets for which trading support has ended may incur a certain amount of fee. (Related link)

  • For virtual assets whose trading support has ended, technical support such as mainnet changes, contract changes, airdrops, token swaps, or network updates may be discontinued. As a result, the value of the asset may decrease or become lost. Please be sure to withdraw all relevant assets within the withdrawal support period.

Coinone will continue to do its best to maintain a healthy and transparent virtual asset ecosystem.

Thank you.



From the Coinone Team

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