[Upbit] Notice of Lifting the Watchlist Designation for Boundless (ZKC)

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

We inform you that the designation of Boundless (ZKC) as a watchlist item has been lifted.

• Reference : [Boundless (ZKC) Trading Watchlist Designation Notice](https://upbit.com/service_center/notice?id=5617)

DAXA member companies may take measures such as issuing cautions, designating assets as trading watchlist items, or terminating trading support for user protection.

Below we provide the detailed reasons for lifting the watchlist designation. Members holding the relevant digital asset should check the following.

Notice of Reasons for Lifting the Watchlist Designation

Boundless (ZKC)

• Affected pairs : ZKC/KRW, ZKC/BTC, ZKC/USDT

• Reasons for lifting the watchlist designation

• Regarding Boundless (ZKC), after comprehensively considering best practices for crypto trading support, we determined that there were many deficiencies—such as the details and extent of changes to the circulation plan, whether procedures required for changes existed, the transparency and rationality of change procedures, whether and to what extent material matters related to the crypto asset were disclosed, and acts of arbitrarily changing material matters without justifiable reasons—and that these could potentially cause user harm. Therefore, DAXA judged the matter concerning designation as a watchlist item and termination of trading support related to ZKC to be a joint response matter, and jointly designated it as a watchlist item on 2025.10.02.

• Through the clarification process with ZKC, Upbit confirmed that there were some operational inadequacies in sharing the details of changes to the circulating supply and in the disclosure process through official channels, and also verified a public record that can prove that the changes to the circulating supply occurred prior to the TGE.

• ZKC stated that it will implement improvements such as supplementing monitoring systems through review by its legal advisory team for all disclosures including the circulation plan, and strengthening Korean-language disclosures and community communication procedures.

• Accordingly, Upbit lifts the watchlist designation for ZKC on 2025.10.17. However, depending on the future application of best practices for crypto trading support, ZKC may again be designated as a watchlist item and/or have trading support terminated.

Notice of Resumption of ZKC Deposit Service

• Following the lifting of the watchlist designation, ZKC deposit service will resume soon.

• Deposits initiated during the deposit suspension period will be reflected sequentially after deposits resume.

• Please be aware that when deposits resume, there may be sudden price fluctuations due to price differences with other overseas exchanges.

Upbit will always do its best to ensure your safe trading.

Thank you.

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

*This information is generated automatically.