[Upbit] Notice of Removal of Trading Caution Designation for Boundless (ZKC)

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

We inform you that the trading caution designation for Boundless (ZKC) has been lifted.

• Reference : [Boundless (ZKC) Notice of Trading Caution Designation](https://upbit.com/service_center/notice?id=5617)

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

Below are the detailed reasons for lifting the caution designation. Members who hold the relevant digital asset are requested to check the following.

Reasons for Lifting the Caution Designation

Boundless (ZKC)

• Target pairs : ZKC/KRW, ZKC/BTC, ZKC/USDT

• Reason for lifting the caution designation

• Regarding Boundless (ZKC), after comprehensively considering the model cases for virtual asset trading support, DAXA judged that there were multiple deficiencies such as changes in the circulation plan and their extent, the existence of procedures required for changes, the transparency and rationality of change procedures, the disclosure and extent of important matters related to virtual assets, and acts of arbitrarily changing important matters without justifiable reasons, which could cause user harm. Therefore, DAXA treated the matter concerning designation as a trading-caution item and termination of trading support related to ZKC as a joint response matter and jointly designated it as a caution item on 2025.10.02.

• Through the clarification process with ZKC, Upbit confirmed that there were some operational shortcomings in sharing the details of circulation changes and in the disclosure process via official channels, and also confirmed a public history proving that the circulation change occurred before the TGE.

• ZKC stated that it will implement improvements such as enhancing monitoring systems through review by a legal advisory group for all disclosures including the circulation plan, and strengthening Korean disclosures and community communication procedures.

• Accordingly, Upbit lifts the caution designation for ZKC on 2025.10.17. However, depending on future application of model cases for virtual asset trading support, ZKC may again be designated as a caution item and subject to termination of trading support.

Notice on Resumption of ZKC Deposit Service

• With the lifting of the caution designation, ZKC deposit service will be resumed soon.

• Deposits made during the suspension period will be reflected sequentially after deposits are resumed.

• Please note that there may be rapid price fluctuations due to price differences with overseas exchanges when deposits are resumed.

Upbit will always do its best to ensure your safe trading.

Thank you.

※ Virtual assets are high-risk products and may result in the loss of all or part of your investment.

*This information is generated automatically.