[Coinone] Notice of Designation as a Cautionary Trading Asset: Flow (FLOW)

Hello. This is Coinone.Coinone has strictly reviewed each virtual asset and supported trading to create a healthy virtual asset ecosystem. In accordance with the 'Policy on Designation of Cautionary Trading Assets and Termination of Trading Support', we inform you of the designation of Flow (FLOW) as a cautionary trading asset. Customers who hold this virtual asset should be sure to check this notice and refer to it when using the service.

Flow (FLOW) has been designated as a cautionary trading asset by member companies of the joint consultative body of digital asset exchanges (DAXA).Reference materialsCaution notice : Flow (FLOW)Flow (FLOW) Foundation official announcement DAXA member companies may take measures such as issuing caution notices, designating assets as cautionary trading assets, and terminating trading support in the interest of user protection. Therefore, customers who hold this virtual asset should be sure to check this notice and refer to it when using the service.

Reason for designation as a cautionary trading assetFlow (FLOW) has been confirmed to have had a security incident such as a hack, the cause of which is unknown or has not been remedied, occur on the distributed ledger where the virtual asset is issued, transferred, and stored, and that this could potentially cause user harm. Therefore, the asset will be designated as a cautionary trading asset for approximately two weeks to verify the authenticity of the matter and to prevent further user damage.

Notes⁃ When an asset is designated as a cautionary trading asset or trading support is terminated, deposits of the relevant virtual asset may be suspended. In that case we will notify you through a separate announcement.⁃ Coinone will determine whether to extend, lift, or terminate trading support through a thorough review of the relevant virtual asset. The designation period may be extended during the explanation procedure and review process, and if the reason for the designation is not resolved, trading support may be terminated. In that case we will notify you through a separate announcement.⁃ Please exercise extra caution when investing in virtual assets designated as cautionary trading assets.

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

Coinone team

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