[Coinone] Notice of designation as a cautionary trading asset: ZKC

Hello. This is Coinone.Coinone has strictly reviewed each digital asset and has supported trading to create a healthy digital asset ecosystem.

In accordance with the 'Policy on Designation as a Cautionary Trading Asset and Termination of Trading Support', we inform you of the designation of Boundless (ZKC) as a cautionary trading asset. Customers who hold the relevant digital asset must check this notice and refer to it when using our services. Boundless (ZKC) has been designated as a cautionary trading asset by member companies of the Digital Asset Exchange Association (DAXA). Customers who hold the relevant digital asset must check this notice and refer to it when using our services.

DAXA member companies may take measures such as issuing advisories, designating assets as cautionary trading assets, or terminating trading support in the interest of user protection. Therefore, customers who hold the relevant digital asset must check this notice and refer to it when using our services.

Reason for designationBoundless (ZKC) has been confirmed to present a risk of user harm, such as failing to publicly disclose changes to important matters related to the digital asset or arbitrarily changing them without justifiable reasons. In addition, when comprehensively considering the disclosure status and extent of important matters related to the digital asset and the transparency of asset operations, there are many insufficient aspects and we have confirmed the possibility of causing user harm. Therefore, to ascertain the veracity of these matters and to prevent other user harm, the digital asset will be designated as a cautionary trading asset for about the next 2 weeks.

DAXA member companies continuously monitor important matters that could materially affect users' reasonable investment decisions or the value of the digital asset. Coinone will continue to strive to protect investors.

Precautions⁃ When a digital asset is designated as a cautionary trading asset or when trading support is terminated, deposits of the relevant digital asset may be suspended. In this case, we will inform you via a separate notice.⁃ Coinone will decide whether to extend the designation as a cautionary trading asset, lift it, or terminate trading support through a thorough review of the digital asset. The designation period may be extended during the clarification procedure and review process, and if the reason for designation is not resolved, trading support may be terminated. In that case, we will inform you via a separate notice.⁃ If you invest in a digital asset designated as a cautionary trading asset, please exercise extra caution.

Coinone will continue to do its best for a sound and transparent digital asset ecosystem. Thank you.

Coinone Team

*This information is generated automatically.