[Coinone] Notification on Designation of Cautionary Asset: WOO

Hello, this is Coinone. Coinone has been rigorously screening each digital asset to support trading in order to foster a sound digital asset ecosystem. In accordance with the 'Policy on Designation of Cautionary Assets and Termination of Trading Support', we are informing you about the designation of WOO as a cautionary asset for trading. If you are a holder of this digital asset, please be sure to check this notice for your reference. WOO has been designated as a cautionary asset by member companies of the Digital Asset eXchange Alliance (DAXA).

DAXA member companies may take actions such as issuing warnings, designating cautionary assets, or terminating trading support to protect users. Therefore, if you hold this digital asset, please make sure to review this notice for your reference. Reasons for Designation as a Cautionary Asset: There are indications of a security incident where funds were withdrawn without authorization from user accounts on the WOO X platform, which is operated by the issuer and operator of WOO. To confirm the authenticity of this incident and prevent further damage, this digital asset will be designated as a cautionary asset for approximately one month.

Reference materials:

Official Announcement 1 by the WOO Foundation

Official Announcement 2 by the WOO Foundation

Cautionary Notice: WOO

Precautions

• Deposits of this digital asset may be suspended if it is designated as a cautionary asset or if trading support is terminated. In such cases, we will provide guidance through a separate announcement.

• Coinone will determine whether to extend, lift, or end the trading support based on a thorough review of this digital asset. The cautionary asset designation period may be extended during the clarification and review process, and if the reason for designation is not resolved, trading support may be terminated. In such cases, we will inform you through a separate notice.

• Please exercise particular caution when investing in digital assets designated as cautionary assets. Coinone will continue to make every effort to foster a healthy and transparent digital asset ecosystem.

Thank you.

Coinone Team

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