Exchange Announcement

[Coinone] Notice of Trading Support Termination: QTCON

Source
Exchange Announcement Bot

Summary

  • Coinone announced that trading support for Quiztok (QTCON) will end at 15:00 on August 25, 2025.
  • The reasons for the termination include unannounced wallet security incidents and insufficient business sustainability.
  • After trading support ends, the investment value of the digital asset may be greatly reduced due to ineligibility for KRW conversion and suspension of technical support.

Hello, this is Coinone.Coinone has strictly reviewed each digital asset in order to establish a sound virtual asset ecosystem and has supported their trading.

In accordance with the 'Designation of Cautionary Items and Trading Support Termination Policy,' we are announcing the termination of trading support for Quiztok (QTCON, Ethereum ERC20). Customers holding this digital asset are strongly advised to check this notice for reference. Trading support for Quiztok (QTCON) is scheduled to be terminated by member companies of the Digital Asset eXchange Alliance (DAXA). Reference material: Notice on Designation of Cautionary Items: QTCON DAXA member firms may take steps such as issuing warnings, designating cautionary items, and terminating trading support for user protection. Therefore, customers holding this digital asset are strongly advised to review this notice for reference. Reason for termination of trading support: It has been confirmed that there was a security incident involving the digital asset wallet managed by the issuer or operator of Quiztok (QTCON). The occurrence of the security incident and other important matters were not disclosed, and considering the sustainability of the project and its actual progress comprehensively, a number of insufficient aspects were identified along with the possibility of user loss, resulting in the designation as a cautionary item. Subsequently, we thoroughly reviewed Quiztok’s explanatory materials and requested supporting documentation; however, we did not find sufficient reason to determine that the designation as a cautionary item should be lifted. Therefore, for user protection, trading support for Quiztok (QTCON) will be terminated.

Major scheduleTermination of trading support: August 25, 2025 (Mon), 15:00End of withdrawal support: September 25, 2025 (Thu), 15:00

Important notes⁃ Deposits for the respective digital asset may be suspended when designated as a cautionary item or upon termination of trading support. In such cases, we will provide information through a separate notice.⁃ Once trading support ends, KRW valuation will not be possible for the digital asset, and the Travel Rule will be applied in all cases. Thus, you can only withdraw after entering recipient information or receiving approval for withdrawal to an external wallet address (whitelisting).⁃ All open orders will be cancelled collectively after the trading support termination date.⁃ Existing transaction history will be retained even after the withdrawal support ends.⁃ The withdrawal wallet address for the respective digital asset must be issued before the termination of trading support to enable withdrawals after trading support ends.⁃ The trading support termination period may be shortened due to changes in relevant laws, institutional requirements, or other special circumstances during the process. In such cases, a separate notice will be provided.- Even after the withdrawal support period ends, you can request withdrawals through the Coinone customer center. However, a certain fee may be charged for withdrawals of digital assets that are no longer supported for trading. (related link) - For digital assets whose trading support has ended, technical support for mainnet changes, contract changes, airdrops, token swaps, and network updates may be discontinued, and accordingly, the value of the digital asset may decrease or disappear. Please make sure to withdraw all digital assets within the withdrawal support period.

Coinone will continue to do its best to ensure a sound and transparent digital asset ecosystem.Thank you.

Coinone Team

*This is automatically generated information.

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