[Upbit] Notice on Termination of Trading Support for FOR (12/11 19:00)
Hello. This is Upbit, the most trusted global standard digital asset exchange. We would like to inform you about the termination of trading support for FOR. - Reference: [Notice on Termination of Trading Support] - The termination of trading support for digital assets is in accordance with Upbit's digital asset trading support termination policy. : - The trading support for the digital asset will end on 2024-12-11 (Wed) at 19:00 KST. - At the time of termination, any orders (buy/sell) requested before the termination of trading support in the market will be uniformly canceled. - After this announcement, services such as airdrops, wallet upgrades, and hard forks for digital assets scheduled for trading support termination are not expected to be supported. [Notice on Termination of Digital Asset Trading Support] FOR - Target Market: FOR/BTC - Scheduled Termination Date: 2024-12-11 (Wed) 19:00 KST - Reason for Termination - Upbit confirmed that the trading volume of FOR was insufficient, and accordingly requested an explanation from the issuer, but no satisfactory response was received. Based on the comprehensive consideration of important matters such as significant changes in business, the actual progress of the business, and the transparency and integrity of the changes, FOR was designated as an investment warning on October 29, 2024. Even after the explanation process, no satisfactory response was received regarding the reason for the designation as an investment warning. Considering the comprehensive circumstances, including the model case of virtual asset trading support and consumer protection, Upbit determined that the reason for the designation as an investment warning was not resolved and decided to terminate the trading support in accordance with the digital asset trading support termination policy. - Even if the market trading support for the digital asset is terminated, withdrawals will be supported for 30 days from the termination date (~2025-01-10) in accordance with the trading support termination policy. - Members who need to withdraw the above digital asset are requested to do so before 2025-01-10. In the case of deposits (or transfers) of assets for which trading support has been terminated, the deposit reflection is not possible, and the technical reasons for the refund (transfer) may require a very long time, so please be cautious. Upbit will always strive to provide the best service for the safe trading of our customers. Thank you. ※ Virtual assets are high-risk products and may result in the loss of all or part of the investment. This information is automatically generated.
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