Exchange Announcement

[Upbit] Notice of Designation of UXLINK(UXLINK) as a Trading Caution Item

Source
Exchange Announcement Bot

Summary

  • Upbit stated that UXLINK(UXLINK) has been designated as a trading caution item.
  • UXLINK(UXLINK)'s deposit service has already been suspended, and the resumption of deposit services will be announced according to the procedures following its designation as a trading caution item.
  • They stated that additional measures such as termination of trading support may occur during the designation period, so investors need to exercise particular caution.

Hello. This is Upbit, the most trusted global-standard digital asset exchange.

UXLINK(UXLINK) has been designated as a trading caution item. (Subparagraph (ma) of Article 17(1) of the Enforcement Decree of the Act on the Protection of Virtual Asset Users)

*UXLINK(UXLINK) has been designated as a trading caution item by member companies of the Digital Asset Exchange Joint Consultative Body (DAXA).

*The deposit service for UXLINK(UXLINK) has already been suspended, and the resumption of deposit services will be announced following the procedures after the designation as a trading caution item.

  • Reference : [Temporary Suspension of UXLINK(UXLINK) Deposits and Withdrawals](https://upbit.com/service_center/notice?id=5558)

DAXA member companies may take measures such as issuing cautions, designating trading caution items, or terminating trading support in order to protect users.

Below we provide the detailed reasons for the designation as a trading caution item; members who hold the digital asset should check the following.

[Notice of Reasons for Designation as a Trading Caution Item]

  • Target markets : UXLINK/KRW, UXLINK/BTC, UXLINK/USDT

  • Reasons for designation as a trading caution item

  • Upbit has confirmed that, regarding UXLINK(UXLINK), considering comprehensively matters such as occurrences of security incidents like hacking in accordance with the Best Practices for Virtual Asset Trading Support, and actions where the issuer or operator does not timely disclose important matters of the virtual asset through appropriate electronic communication media, there are numerous deficiencies and there is a possibility that user harm may occur. Therefore, Upbit designates UXLINK(UXLINK) as a trading caution item to protect investors.

  • Designation period : 2025-09-23(Tue) 12:00 KST \~ 2025-10-17(Fri) 23:59 KST

[Post-Designation Steps]

  • Once designated as a trading caution item, Upbit will generally conduct a detailed review of the digital asset to determine whether to extend, lift the designation, or ultimately terminate trading support.

  • Upbit will review the reasons for the trading caution designation in accordance with the [Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf). The review process may result in an extension of the review period, and if the reasons for the designation are not fully resolved, termination of trading support may be decided.

  • If the review period for the caution designation is extended or if termination of trading support is decided, we will notify you via a separate announcement, and the exact schedule will be provided in that announcement.

  • Digital assets designated as trading caution items cannot be deposited after this notice is posted, and all deposit transactions are subject to return.

  • Upbit's designation of digital assets as trading caution items and the termination of trading support are in accordance with the [Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf).

[Temporary Suspension of Deposits]

  • Target digital asset : UXLINK(UXLINK)

  • Deposit blocking time : 2025-09-23(Tue) 01:57 KST

*The deposit service for UXLINK(UXLNIK) has already been suspended.

*The resumption of deposit services will be announced following the procedures after the designation as a trading caution item.

[Deposit-related Precautions]

  • If you deposit UXLINK after the deposit support suspension, the deposit may not be reflected in your Upbit account, and in such cases recovery may be impossible. Please note this and do not deposit after the deposit support suspension time. During the deposit support suspension period, deposit return procedures for the relevant digital asset are temporarily suspended and will be processed sequentially after deposit support is resumed.

  • If deposit suspension occurs, deposit processing may be delayed due to network congestion, and there may be a difference between the blockchain transaction confirmation time and the deposit reflection time.

  • Deposits may occur on some blockchain networks before or after the deposit suspension time, but depending on our wallet system processing status, normal processing may not be possible during the inspection period; after the inspection ends, they will be processed sequentially after verification, so reflection to member accounts may be delayed.

  • In the case of unplanned wallet maintenance or network maintenance, deposits may occur on some blockchain networks before or after the announcement, but depending on our wallet system processing status, normal processing may not be possible during the maintenance period; after the maintenance ends, they will be processed sequentially after verification, so reflection to member accounts may be delayed.

  • If any special matters occur regarding the resumption of deposit support, we will notify you through this announcement.

Upbit will always do its best for your safe trading.

Thank you.

※ Virtual assets are high-risk products and may cause the loss of all or part of invested funds.

*This information is generated automatically.

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