[Bithumb] Loom Network (LOOM) Designated as Investment Caution

Hello,

This is Bithumb, Korea's leading exchange.

Loom Network (LOOM) has been designated as a caution item by the Digital Asset Exchange Joint Consultative Body (DAXA) member companies.

DAXA member companies may take measures such as designating investment caution items or terminating trading support for investor protection.

Please refer to the details below.

■ Reason for New Designation as Investment Caution Item

ㆍ Loom Network (LOOM)

We are designating it as an investment caution item as we have determined that there are numerous deficiencies when comprehensively considering the disclosure status and extent of important matters related to the virtual asset, the transparency and rationality of the process for changing the virtual asset's business plan, the purpose and function of the virtual asset, and the reality and actual progress of the business related to the virtual asset.

■ Schedule for New Designation as Investment Caution Item

ㆍDesignation date: March 18, 2025 (Tuesday)

ㆍDeposit suspension for caution items: Scheduled for March 18, 2025 (Tuesday) 15:30

ㆍVirtual Asset User Protection Act Enforcement Decree Article 17, Paragraph 1, Item Ma

ㆍSchedule for extension, lifting of designation / termination of trading support notice: First week of April (between 3/31 ~ 4/4)

※ DAXA may jointly take measures such as designating investment caution items or terminating trading support for investor protection. Therefore, please exercise special caution when trading related virtual assets.

Bithumb will lead the way in creating a sound and transparent trading environment where investors can trade with confidence through continuous and systematic supervision of virtual assets under trading support, and communication with external experts and foundations.

Thank you.

*This information is automatically generated.