[Coinone] Notice of Designation as Investment Warning Asset: KAI

Hello, this is Coinone.Coinone has strictly reviewed each virtual asset to support a sound virtual asset ecosystem in the market.

In accordance with our 'Policy for Designation of Investment Warning Assets and Termination of Trading Support,' we are notifying you of the designation of KaiChain (KAI) as an Investment Warning Asset. If you hold this asset, please read this notice carefully and take note for your reference.

Reason for Designation as Investment Warning AssetKaiChain (KAI) was found to have several deficiencies in the disclosure of important matters related to virtual assets, as well as in the transparency and rationality of changes to important matters and the status of trading and adoption. These may cause potential damages to users. Therefore, to receive explanatory documents regarding these issues and prevent possible user damages, this asset will be designated as an Investment Warning Asset for approximately two weeks going forward.

Please Note⁃ During the designation as an Investment Warning Asset or upon the termination of trading support, deposits of this asset may be suspended. In such cases, we will notify you via a separate announcement.⁃ Coinone will make decisions regarding the extension, removal, or termination of trading support for this Investment Warning Asset based on thorough review. The designation period may be extended during the explanatory and review process, and if the reasons for designation are not resolved, trading support may be terminated. In such cases, we will notify you via a separate announcement.⁃ Please exercise extra caution if you invest in virtual assets designated as Investment Warning Assets.

Coinone will continue to do its best to maintain a healthy and transparent virtual asset ecosystem.Thank you.

Coinone Team

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