Bithumb said it placed BLAST on its trading caution list on Oct. 3 and suspended deposits for the token from 1:30 on the same day. The exchange linked the move to the BLAST Foundation’s announced plan to end mainnet operations. In its notice, Bithumb said it needs to further review the continuity of the project’s business, its actual progress, and the impact on the token’s use, purpose, and functions. The exchange said the caution designation took effect on Oct. 3. It added that a decision on whether to lift the trading caution label or end trading support for BLAST will be announced during the third week of October, from Oct. 12 to Oct. 16.
Bithumb said in a notice that it placed BLAST on its trading caution list on Oct. 3 and suspended deposits from 1:30 on the same day.
Exchange cites foundation’s mainnet wind-down plan
According to the announcement, the BLAST Foundation announced a plan to end mainnet operations. Bithumb said it needs to further confirm the continuity of the project’s business, its actual progress, and the effect of that plan on the token’s use, purpose, and functions. On that basis, the exchange said it added BLAST to the trading caution list to protect users.
Decision due in the third week of October
Bithumb said the designation date for the BLAST trading caution list is Oct. 3. It added that whether the caution status will be lifted, or whether trading support will be terminated, will be announced between Oct. 12 and Oct. 16, which it identified as the third week of October.
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