[Coinone] Notice of Designation as Asset Under Caution: KAI

Hello, this is Coinone.

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

In accordance with our 'Policy on Designation of Cautionary Items and Termination of Trading Support,' we are announcing the designation of KAI Chain (KAI) as an asset under caution.

If you hold this virtual asset, please be sure to read this notice and refer to it for your trading decisions.

Reason for Designation as Asset Under Caution

KAI Chain (KAI) was found to have several deficiencies when comprehensively considering the adequacy and extent of important disclosures related to the virtual asset, the transparency and reasonableness of important change procedures, and the overall trading and adoption status. There is a possibility that this could result in user losses. Accordingly, to collect explanatory materials regarding these issues and to prevent potential user damages, this virtual asset will be designated as an asset under caution for approximately the next 2 weeks.

Important Notes

• When an asset is designated as under caution or trading support is terminated, deposit for the relevant virtual asset may be suspended. If this occurs, users will be notified in a separate notice.

• Coinone will decide whether to extend the designation as an asset under caution, lift it, or terminate trading support for the relevant virtual asset after conducting a thorough review. The caution period may be extended during the review and explanation process, and if the reasons for designation are not resolved, trading support may be terminated. If this happens, a separate notice will be provided.

• Please exercise special care when investing in virtual assets designated as assets under caution.

Coinone will continue to make every effort to maintain a sound and transparent virtual asset ecosystem.

Thank you.

Coinone Team

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