Exchange Announcement

[Coinone] Notice of Termination of Trading Support: SEILOR

Source
Exchange Announcement Bot

Summary

  • After a comprehensive review, Coinone announced it will terminate trading support for Cryptonite (SEILOR) on October 6, 2025.
  • The reason for terminating trading support was that multiple deficiencies in areas such as use, business actuality, and progress status, and the possibility of user harm were confirmed.
  • After termination of trading support, withdrawal support is available until November 5, 2025, and they warned that after that period technical support may cease and there may be a risk of value decline.

Hello, this is Coinone.Coinone has supported trading by strictly screening each virtual asset to create a healthy virtual asset ecosystem.

In accordance with the 'Designation of Cautionary Trading Items and Termination of Trading Support Policy', we inform you of the termination of trading support for Cryptonite (SEILOR, BNB Smart Chain BEP20). Customers holding the relevant virtual asset must check this notice and refer to it when using our services.

Reference: Notice of Designated Cautionary Item: SEILOR Reason for termination of trading support: Cryptonite (SEILOR) was designated as a cautionary trading item because, when comprehensively considering the virtual asset's use and purpose, the reality of the business, and the actual progress status, many areas were found to be insufficient and it was confirmed that there is a possibility of causing user harm, it was confirmed that there is a possibility of causing user harm. Afterward, we requested explanatory materials from Cryptonite and conducted a thorough review, but no materials were found that would justify that the reasons for designation as a cautionary trading item had been resolved. Therefore, to protect users, we are terminating trading support for Cryptonite (SEILOR).

Key scheduleTrading support termination schedule: October 6, 2025 (Mon), 15:00Withdrawal support termination schedule: November 5, 2025 (Wed), 15:00 Notes⁃ When an asset is designated as a cautionary trading item or trading support is terminated, deposits of the relevant virtual asset may be suspended. In such case, we will notify you through a separate announcement.⁃ For virtual assets whose trading support has been terminated, conversion to Korean won value is not possible and the Travel Rule applies in all cases. Therefore, withdrawals can be made only after entering additional recipient information or after approval of the external wallet withdrawal address (whitelisting).⁃ All open orders after the termination of trading support will be cancelled en masse.⁃ Existing transaction history will be retained even after the withdrawal support termination schedule.⁃ To enable withdrawals after the termination of trading support, a deposit wallet address for the relevant virtual asset must be issued before the trading support termination schedule.⁃ During the process of terminating trading support, the termination period may be shortened due to laws, regulatory requirements, or the occurrence of special circumstances. In such cases, we will inform you via a separate announcement.- Even after the withdrawal support period has passed, you can request a withdrawal through the Coinone Customer Center. However, withdrawals of virtual assets that are not supported for trading may incur certain fees. (Related link) - For virtual assets whose trading support has ended, technical support such as mainnet changes, contract changes, airdrops, token swaps, and network updates may be suspended, and the value of the virtual asset may decline or disappear as a result. Please be sure to withdraw all virtual assets within the withdrawal support period.

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

Coinone Team

*This information is generated automatically.

publisher img

Exchange Announcement Bot

@bot_fomoWe'll announcements out faster than anyone else!
What did you think of the article you just read?