[Coinone] Notice of Designation as a Trading Caution Item: AI16Z

Hello. This is Coinone. Coinone has supported trading by strictly reviewing each virtual asset to create a sound virtual asset ecosystem. In accordance with the 'Policy on Designation of Trading Caution Items and Termination of Trading Support', we inform you of the designation of AI16Z as a trading caution item. Customers holding the relevant virtual asset must check this notice and refer to it when using the service. AI16Z has been designated as a trading caution item by members of the Digital Asset Exchanges Joint Council (DAXA).

DAXA member companies may take measures such as issuing usage warnings, designating trading caution items, and terminating trading support for user protection. Therefore, customers holding the relevant virtual asset must check this notice and refer to it when using the service.

Reason for designation as a trading caution item: AI16Z was found not to have timely and appropriately disclosed material matters that could have a significant impact on the value of the virtual asset, or to have arbitrarily changed them without justifiable reasons. In addition, when comprehensively considering the transparency and rationality of procedures for changing material matters and the transparency of virtual asset operations, multiple deficiencies were confirmed and it was found that there is a possibility of causing user damage. Therefore, to verify the truth of these matters and to prevent other user damage, the relevant virtual asset will be designated as a trading caution item for approximately 2 weeks. Guidance regarding AI16Z's rebranding and token swap will be provided through a separate notice.

Precautions

⁃ When a virtual asset is designated as a trading caution item or trading support is terminated, deposits of the relevant virtual asset may be suspended. In that case, we will inform you via a separate notice.

⁃ Coinone will determine, through a thorough review of the relevant virtual asset, whether to extend, lift, or terminate trading support for the designation as a trading caution item. The designation period may be extended during the explanation and review process, and if the reason for the 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 virtual asset designated as a trading caution item, please exercise particular caution.

Coinone will continue to do its best to ensure a sound and transparent virtual asset ecosystem. Thank you. Sincerely, the Coinone team

*This information is generated automatically.