Upbit and Bithumb, South Korea’s leading cryptocurrency exchanges, have announced new decisions regarding the KernelDAO (KERNEL) token, which was previously placed on a trading warning list to protect investors.
According to the announcement, following a review conducted, both platforms will remove the “trading alert” status applied to KERNEL and the asset will return to normal trading conditions.
Upbit announced that KERNEL was placed on trading alert on April 20, 2026. The exchange said this decision was influenced by security incidents reported in wallets or digital asset infrastructure associated with the project, as well as uncertainties regarding the sustainability and operational status of the project.
However, it has since been stated that the KernelDAO team provided a comprehensive explanation and supporting documentation to the exchange. Upbit announced that, as a result of the evaluation, questions regarding the security incident were resolved and sufficient transparency regarding project operations was ensured, so it was decided to lift the alert status as of June 19, 2026.
Similarly, Bithumb announced the end of trading alerts applicable to KERNEL and MAP protocols (MAPO). The exchange said these assets returned to normal trading conditions after the associated risk factors were determined to have been eliminated.
Following this decision, KERNEL’s deposit and withdrawal services will be resumed. Upbit announced that deposits made during the suspension period will be credited to user accounts in stages after the service resumes.
The exchange also warned investors to be aware of the high volatility that may arise from price differences between different platforms after the resumption of service. Experts note that such decisions in the Korean market may have a short-term impact on the trading volume and price performance of related tokens.
*This is not investment advice.
