[Coinone] Notice of Designation as a Cautionary Trading Item: AI Sixteens (AI16Z)

Hello. This is Coinone.

Coinone has been strictly screening each virtual asset to support trading in order to create a healthy virtual asset ecosystem.

In accordance with the 'Designation as a Cautionary Trading Item and Termination of Trading Support Policy', we inform you of the designation of AI Sixteens (AI16Z) as a cautionary trading item.

Customers who hold this virtual asset must check this announcement and refer to it when using the service.

AI Sixteens (AI16Z) has been designated as a cautionary trading item by member companies of the Digital Asset Exchange Association (DAXA).

DAXA member companies may take measures such as advisories, designation as a cautionary trading item, and termination of trading support for the protection of users.

Therefore, customers who hold this virtual asset must check this announcement and refer to it when using the service.

Reason for designation as a cautionary trading item

AI Sixteens (AI16Z) was found to have failed to timely and appropriately disclose material matters that could significantly affect the value of the virtual asset, or to have arbitrarily changed them without justifiable reasons. Also, when comprehensively considering the transparency and rationality of the procedures for changing material matters and the transparency of virtual asset operations, multiple shortcomings were identified and it was confirmed that there is a possibility of causing user harm. Therefore, to verify the authenticity of these matters and to prevent other user harm, this virtual asset will be designated as a cautionary trading item for approximately 2 weeks.

* Information regarding AI16Z's rebranding and token swap will be announced separately.

Notes

• When designated as a cautionary trading item or when trading support is terminated, deposits of the relevant virtual asset may be suspended. In this case, we will notify you through a separate announcement.

• Coinone will determine whether to extend, lift the designation, or terminate trading support for the virtual asset through a thorough review. The designation period may be extended during the response procedure and review process, and if the reasons for designation are not resolved, trading support may be terminated. In such a case, we will notify you through a separate announcement.

• Please exercise extra caution when investing in virtual assets designated as cautionary trading items.

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

Thank you.

Coinone Team

*This information is generated automatically.