[Upbit] Pundi AI (PUNDIAI) Cautionary Item Designation Notice

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Pundi AI (PUNDIAI) has been designated as an asset requiring caution. (Article 17, Item 1-m, Enforcement Decree of the Virtual Asset User Protection Act)

*Pundi AI (PUNDIAI) was designated as a cautionary item by member companies of the Digital Asset eXchange Alliance (DAXA).

*Pundi AI (PUNDIAI)'s deposit and withdrawal services have already been suspended. When resumed, only the withdrawal service will be reactivated. The resumption of the deposit service will be announced in accordance with procedures after the cautionary designation.

• Reference: Notice on Temporary Suspension of Pundi AI (PUNDIAI) Deposit/Withdrawal Due to Contract Upgrade

DAXA member companies may take actions, such as issuing warnings, designating assets as cautionary items, or ending trading support, in order to protect users.

Below are the detailed reasons for the cautionary designation. Please check the following if you hold this digital asset.

[Notice of Reasons for Cautionary Designation]

• Target market: PUNDIAI/BTC

• Reasons for cautionary designation

• Upbit has identified that Pundi AI (PUNDIAI) may pose potential risks of user loss. These include: instances of security incidents such as hacking; cases where the issuer or operator failed to promptly disclose important matters about the virtual asset through appropriate electronic channels; and other concerns identified in accordance with best practices for supporting virtual asset trading. Therefore, Upbit is designating Pundi AI (PUNDIAI) as a cautionary item to protect investors.

• Cautionary designation period: July 14, 2025 (Mon) 18:00 KST ~ July 28, 2025 (Mon) 23:59 KST

[Guidance on Subsequent Steps Following the Cautionary Designation]

• Once designated as a cautionary item, Upbit typically conducts a detailed review of the digital asset to decide whether to extend, lift, or finally terminate trading support.

• After the cautionary designation, Upbit will review the reasons for designation in accordance with the Digital Asset Trading Support Termination Policy. During this review, the period for cautionary monitoring may be extended. If the causes for caution are not fully resolved, trading support may be terminated.

• If the review period is extended or trading support is terminated, a separate notice will be provided. Accurate dates will be communicated via the respective notice.

• Once designated as a cautionary item, this digital asset can no longer be credited for deposits after the announcement. All deposit attempts will be subject to return.

• Upbit’s digital asset cautionary designation and termination of trading support are based on the Digital Asset Trading Support Termination Policy.

[Notice on Temporary Suspension of Deposit/Withdrawal]

• Target digital asset: Pundi AI (PUNDIAI)

• Deposit/withdrawal suspension time: 2025-07-12 19:15 KST

*Pundi AI (PUNDIAI)’s deposit and withdrawal services have already been suspended due to a contract upgrade. At the time of resumption, only the withdrawal service will be reactivated.

*The resumption of deposit services will be announced in accordance with procedures after the cautionary designation.

Upbit will always strive to ensure the safest trading experience for our users.

Thank you.

※ Virtual assets are high-risk products and may result in partial or full loss of invested capital.

*This information is automatically generated.