[Upbit] Loom Network (LOOM) Trading Support Termination Notice (5/7 15:00)

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Loom Network (LOOM) will have its trading support terminated by the Digital Asset eXchange Alliance (DAXA) member companies. DAXA members can take measures such as investment warnings, designation of items for investment caution, and termination of trading support to protect investors.

• Reference: [[Trading] Loom Network (LOOM) Investment Caution Designation Notice](https://upbit.com/service_center/notice?id=4957)

[Notes on Trading Support Termination]

• The termination of trading support for digital assets is based on Upbit's digital asset trading support termination policy: [Upbit Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf)

• The trading support for the digital asset will end on 2025-05-07 (Wed) 15:00 KST.

• Upon termination of trading support, orders (buy/sell) requested before the termination in the market will be collectively canceled.

• After this notice, services such as airdrops, wallet upgrades, and hard forks for digital assets scheduled for trading support termination will not be supported.

[Digital Asset Trading Support Termination Notice]

Loom Network (LOOM)

• Target Market: LOOM/KRW, LOOM/BTC

• Scheduled Trading Support Termination Date: 2025-05-07 (Wed) 15:00 KST

• Reason for Trading Support Termination

• Upbit has designated Loom Network (LOOM) as an item for investment caution on March 18, 2025, after comprehensively considering the disclosure status and degree of important matters related to virtual assets, the transparency and rationality of the procedure for changing the business plan of virtual assets, and the reality and actual progress of the business according to the best practices for virtual asset trading support. After further careful review of the virtual asset, Upbit determined that the reasons for the designation of Loom Network as an item for investment caution were not resolved and decided to terminate trading support according to the digital asset investment caution designation and 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 trading support termination date (until 2025-06-09) according to the trading support termination policy.

• Members who need to withdraw the above digital asset must proceed with the withdrawal by 2025-06-09. If the terminated asset is deposited (or mistakenly sent), it cannot be reflected in the deposit, and after the withdrawal support period ends, it may take a very long time to return it due to technical reasons (mistaken transmission), so please be careful.

DAXA member companies are reviewing the digital assets they are supporting and monitoring market conditions, and will continue to implement investor protection measures through prompt information provision and response in case of crisis situations requiring investor caution.

Upbit will always do its best to ensure safe trading for our customers.

Thank you.

※ Virtual assets are high-risk products that can result in the loss of all or part of your investment.

*This information is automatically generated.