South Korea’s Cryptocurrency Exchanges Announce Joint Decision to Delist This Altcoin

The Korea Digital Asset Trading Platform Association (DAXA), a coalition of leading cryptocurrency exchanges in South Korea including Upbit, has announced a joint decision to delist Dad (DAD) due to concerns regarding transparency, sustainability, and user risk. South Korean cryptocurrency exchange Upbit has announced that trading support for DAD will officially end on January 31, 2025. This decision was made after DAD was marked as a “trading alert asset” on December 10, 2024. Upbit stated that the DAD project team did not provide a satisfactory explanation regarding the exchange’s requests for transparency and important disclosures. Related News: It Was Hacked This Year: Developers of Binance-Listed Altcoin Release Statement on the Latest Situation Upbit explained in its announcement that the delisting decision was aimed at protecting users from potential risks associated with the asset. “DAD’s significant deficiencies in transparency, sustainability, and disclosure of key information prompted this action,” the exchange said. Upbit also noted that following the trading suspension, the platform will no longer support DAD-related airdrops, wallet upgrades, or hard forks. *This is not investment advice. Continue Reading: South Korea’s Cryptocurrency Exchanges Announce Joint Decision to Delist This Altcoin