The Korean Digital Asset Trading Platforms Association (DAXA), a coalition of South Korea’s leading cryptocurrency exchanges, including Upbit and Bithumb, has issued a warning about the new Altcoin.
So Daxa set up an investment alert for Altcoin called Boundless (ZKC).
At this point, Upbit, Bithumb and Coinone announced that Boundless (ZKC) has been designated as an investment alert.
Bithumb explained that the decision was made after the project was determined to have voluntarily altered important information without proper justification.
The exchange also said there are many procedural flaws in the implementation and disclosure of these changes.
“Boundless (ZKC) has been designated as a preventive transaction item by members of the Digital Asset Exchanges Association (DAXA) and therefore ZKC deposit services will be temporarily suspended,” Upbit said.
The reason why DAXA designated ZKC as an asset in the warning list was explained as follows:
“Boundless (ZKC) has been identified as failing to publicly disclose important project-related issues or may change arbitrarily without a valid reason. Therefore, to verify the accuracy of these issues and prevent further user harm, the entities have been on the warning list for about two weeks.”
*This is not investment advice.
