[Coinone] Designation of Cautionary Asset: FRONT

Hello, this is Coinone.Coinone has been supporting transactions only after rigorously reviewing each virtual asset to create a sound virtual asset ecosystem. In accordance with the 'Policy on Designating Cautionary Assets and Termination of Transaction Support,' we inform you of the designation of Frontier (FRONT) as a cautionary asset. If you are holding this virtual asset, please be sure to check this notice for your reference. Frontier (FRONT) has been designated as a cautionary asset by the member companies of the Digital Asset eXchange Alliance (DAXA).* Frontier (FRONT) has been rebranded as Self Chain (SLF), and Bithumb, a DAXA member company, responded jointly in relation to Self Chain (SLF). DAXA member companies may take actions such as issuing warnings, designating cautionary assets, or terminating transaction support in order to protect users. Therefore, if you are holding this virtual asset, please be sure to check this notice for your reference. Reason for designation as cautionary asset Frontier (FRONT) was determined to have insufficient disclosure regarding important matters related to the issuer and operator’s social credibility and key information related to virtual assets, in connection to allegations of misconduct by the former CEO, dismissal, and transition to a DAO. Due to the concern of potential user damage, this virtual asset will be designated as a cautionary asset for about 2 weeks. Reference: Official announcement from the Frontier (FRONT) Foundation

Notice⁃ Deposits for the relevant virtual asset may be suspended upon designation as a cautionary asset or when transaction support is terminated. In such cases, separate notices will be provided.⁃ Coinone plans to decide whether to extend, lift, or terminate transaction support for the cautionary asset through a thorough review. The cautionary period may be extended due to clarification procedures and review processes, and if the reason for designation is not resolved, transaction support may be terminated. Separate notices will be provided in such cases.⁃ Please exercise special caution when investing in virtual assets designated as cautionary assets. Coinone will continue to do its best to establish a sound and transparent virtual asset ecosystem.Thank you.

Coinone Team

*This information is generated automatically.