Exchange Announcement

[Coinone] Notice of Extension of Designated Risk Asset: ERN

Exchange Announcement Bot

Summary

Coinone announced that the designation period for Ethernity Chain (ERN) as a risk asset will be extended by about two weeks.
It reported the possibility of user damage due to issues such as inadequate disclosure of important matters and the credibility of main entities.
Coinone stated that whether the risk asset designation will be lifted or trading support terminated will be determined after further review.

Hello, this is Coinone.

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

In accordance with the 'Policy for Designation of Risk Assets and Termination of Trading Support,' we are informing you about the extension of the designation period for Ethernity Chain (ERN) as a risk asset.

If you own this virtual asset, please be sure to review this notice for reference.

Reference: Notice on Designation of Risk Asset: ERN

Reason for Extension of Risk Asset Designation:

Ethernity Chain (ERN) has been designated as a risk asset because it was confirmed to have failed to appropriately and timely disclose important matters that may significantly impact the value of the virtual asset as of July 21, 2025, or changed such matters arbitrarily without a valid reason. Comprehensive consideration of the procedures for changing important matters and the social credit of major stakeholders also revealed several shortcomings and the potential for causing user losses. To conduct a more thorough review of the facts and detailed supporting documents, Coinone is extending the risk asset designation period for this virtual asset by approximately two weeks.

Important Notes

When an asset is designated as a risk asset or when trading support is terminated, deposits for the relevant asset may be suspended. In such cases, we will notify you via a separate announcement.
Coinone will make the final decision on whether to extend, lift, or terminate trading support for the designated risk asset after a detailed review. The designation period may be further extended depending on the clarification process and review outcomes, and if the reasons for designation are not resolved, trading support may be terminated. In that case, an additional announcement will be provided.
If you invest in virtual assets designated as risk assets, please exercise particular caution.

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

Thank you.

Coinone Team