[Coinone] Notice of designation as a trading-caution asset: AI Sixteens (AI16Z)

Hello. This is Coinone.Coinone has been supporting trading by rigorously reviewing each virtual asset to create a healthy virtual asset ecosystem. In accordance with the 'Policy on Designation as a Trading-Caution Asset and Termination of Trading Support', we inform you of the designation of AI Sixteens (AI16Z) as a trading-caution asset. Customers holding this virtual asset must check this notice and refer to it when using our services. AI Sixteens (AI16Z) has been designated as a trading-caution asset by member companies of the Digital Asset Exchange Joint Council (DAXA).

DAXA member companies may take measures such as issuing cautionary notices, designating assets as trading-caution assets, or terminating trading support in order to protect users. Therefore, customers holding this virtual asset must check this notice and refer to it when using our services.

Reason for designation as a trading-caution assetAI Sixteens (AI16Z) was found to have failed to timely and properly disclose material matters that could significantly affect the value of the virtual asset, or to have arbitrarily changed such matters without justifiable reasons. In addition, when comprehensively considering the transparency and rationality of the procedures for changing material matters and the transparency of the virtual asset's operation, multiple shortcomings were identified and it was confirmed that there is a possibility of causing user harm. Accordingly, to verify the truth of these matters and to prevent other user harm, this virtual asset will be designated as a trading-caution asset for about 2 weeks. Notices regarding AI16Z's rebranding and token swap will be provided through a separate announcement.

Precautions⁃ When an asset is designated as a trading-caution asset or when trading support is terminated, deposits of the virtual asset may be suspended. In such cases, we will notify you through a separate announcement.⁃ Coinone will decide on whether to extend, lift, or terminate trading support for the asset through a thorough review. The designation period may be extended during the clarification process and review, and if the reasons for designation are not resolved, trading support may be terminated. In such cases, we will notify you through a separate announcement.⁃ Please exercise extra caution when investing in assets designated as trading-caution assets.

Coinone will continue to make every effort to ensure a healthy and transparent virtual asset ecosystem. Thank you. The Coinone team

*This information is generated automatically.