Exchange Announcement

[Coinone] Notice of Designation as a Trading Caution Asset: Solar (SXP)

Source
Exchange Announcement Bot

Summary

  • Coinone said it has designated Solar (SXP) as a trading caution asset in line with the designation by members of the Digital Asset eXchange Alliance (DAXA).
  • Coinone said it will designate Solar (SXP) as a trading caution asset for about two weeks after confirming shortcomings in business substance and sustainability and the potential for user harm.
  • Coinone said it is suspending deposits for Solar (SXP) and warned of the possibility of termination of trading support, urging investors to exercise particular caution.

Hello, this is Coinone.

Coinone has supported trading for each virtual asset after strict reviews in order to foster a sound virtual-asset ecosystem.

In accordance with "Policy on designation as a trading caution asset and termination of trading support", we would like to inform you that Solar (SXP, Solar) has been designated as a trading caution asset.

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

Solar (SXP, Solar) has been designated as a trading caution asset by member exchanges of the Digital Asset eXchange Alliance (DAXA).

DAXA member exchanges may take measures such as issuing cautions, designating assets as trading caution assets, or terminating trading support in order to protect users.

Therefore, if you hold this virtual asset, please be sure to review this notice for your reference.

Reason for designation as a trading caution asset

For Solar (SXP), it has been confirmed that, when comprehensively considering the substance and sustainability of the business related to the virtual asset, there are numerous insufficient areas and it may cause user harm. Accordingly, to verify the facts regarding these matters and to prevent other potential user harm, we are designating this virtual asset as a trading caution asset for approximately the next 2 weeks.

* Reference: Solar Project Status Update

Deposit suspension notice

  • Suspension schedule: January 26, 2026 (Mon) 20:00 (KST)

  • Reason for suspension: Designation of Solar (SXP) as a trading caution asset

Notes

  • Coinone will determine whether to extend, lift, or terminate trading support for this virtual asset following a thorough review. The designation period may be extended during the explanation process and review, and if the reasons for designation are not resolved, trading support may be terminated. In such cases, we will inform you through a separate notice.

  • If you invest in a virtual asset designated as a trading caution asset, please exercise particular caution.

  • The timing of the resumption of deposits will be announced via an update to this notice when the trading caution designation is lifted.

  • Regardless of the deposit suspension, withdrawals and trading of this virtual asset will remain available as normal.

  • Please note that deposits of this virtual asset during the suspension period may not be credited.

  • If your deposit is not credited, please submit a return request and refunds will be processed sequentially.

Coinone will continue to do its utmost to build a sound and transparent virtual-asset ecosystem.

Thank you.

Sincerely,

Coinone Team

*This information is generated automatically.

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