Exchange Announcement
[Coinone] Notice of Designation as a Caution-Listed Asset: ZKC
Summary
- Coinone stated that it has designated Boundless (ZKC) as a caution-listed asset.
- The reason for the trading caution designation was stated to be the confirmation of concerns about user harm, such as failure to disclose important matters and lack of operational transparency.
- They said that since there is a possibility of termination of trading support during the designation period, investors need to exercise extra caution.
Hello. This is Coinone. Coinone has strictly reviewed each virtual asset to support trading in order to create a sound virtual asset ecosystem.
In accordance with the 'Policy on Designation of Caution-Listed Assets and Termination of Trading Support', we inform you of the designation of Boundless (ZKC) as a caution-listed asset. Customers holding the said virtual asset must check this notice and refer to it for use. Boundless (ZKC) has been designated as a caution-listed asset by member companies of the Digital Asset Exchange Association (DAXA). Customers holding the said virtual asset must check this notice and refer to it for use.
DAXA member companies may take measures such as issuing warnings, designating caution-listed assets, and terminating trading support for user protection. Therefore, customers holding the said virtual asset must check this notice and refer to it for use.
Reason for designation as a caution-listed asset: Boundless (ZKC) has been found to have potential for causing user harm due to failure to publicly disclose important matters related to the virtual asset or arbitrarily changing them without justifiable reasons. Also, when comprehensively considering the disclosure status and extent of important matters related to the virtual asset and the transparency of virtual asset operation, we confirmed that there are many insufficient aspects and that there is a possibility of causing user harm. Therefore, to verify the truthfulness of these matters and to prevent other user harm, the asset is designated as a caution-listed asset for approximately the next 2 weeks.
DAXA member companies continuously monitor important matters that could materially affect users' rational investment decisions or the value of the virtual asset. Coinone will continue to strive to protect investors.
Notes⁃ When designated as a caution-listed asset or when trading support is terminated, deposits of the said virtual asset may be suspended. In such a case, we will notify you via a separate announcement.⁃ Coinone will determine whether to extend, lift the designation as a caution-listed asset, or terminate trading support through a thorough review of the said virtual asset. The designation period may be extended during the clarification procedure and review process, and if the reason for the designation is not resolved, trading support may be terminated. In such a case, we will notify you via a separate announcement.⁃ If you invest in a virtual asset designated as a caution-listed asset, please exercise extreme caution.
Coinone will continue to make every effort for a sound and transparent virtual asset ecosystem. Thank you.
Coinone Team Dream

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