[Coinone] Notice on Designation of Cautionary Item: FRONT

Hello, this is Coinone. Coinone has strictly reviewed each virtual asset to support healthy digital asset ecosystem and trading. In accordance with the 'Policy on Designation of Cautionary Items and Termination of Trading Support,' we are announcing the designation of Frontier (FRONT) as a cautionary item. Customers holding this asset are strongly advised to read this notice and refer to it for use. Frontier (FRONT) has been designated as a cautionary item by the Digital Asset eXchange Alliance (DAXA) member companies.* Frontier (FRONT) was rebranded as Self Chain (SLF), and Bithumb, a DAXA member company, has taken joint action regarding Self Chain (SLF). DAXA member companies may take actions such as warning, designation of cautionary items, and termination of trading support for user protection. Therefore, customers holding this asset are strongly advised to carefully read this notice for reference. Reason for designation as a cautionary item Frontier (FRONT) is deemed to have insufficient social credibility and inadequate disclosure on major matters related to virtual assets, due to allegations of misconduct by the former CEO, dismissal, and transition to a DAO. Out of concern for potential user damage, this asset will be designated as a cautionary item for approximately 2 weeks. Reference: Official announcement by the Frontier (FRONT) Foundation

Notice ⁃ Deposit of the asset may be suspended when designated as a cautionary item or when trading support ends. If this occurs, we will provide separate notice. ⁃ Coinone will decide whether to extend, remove, or terminate trading support for this asset after thorough review. Cautionary item designation may be extended during the clarification and review process, and if the reasons are not resolved, trading support may be terminated. In this case, a separate notice will be provided. ⁃ Please exercise extra caution when investing in assets designated as cautionary items. Coinone will continue to do its best to maintain a transparent and sound digital asset ecosystem. Thank you.

Coinone Team

*This is information automatically generated.