Upbit said it has designated Zilliqa (ZIL), a staking public-chain token, as a trading caution asset in its KRW and BTC markets. The exchange said the measure was taken because ZIL-related wallets or distributed ledger systems had experienced hacking or other security incidents whose causes remain unclear or have not yet been fixed, creating a risk of user losses. ZIL deposits and withdrawals have been suspended since 19:00 on July 20. Upbit said it currently plans to resume only withdrawals, while the timing for restoring deposits will be announced after further review. The trading caution period runs from 19:00 on July 22 through the third week of August. During that period, Upbit said it will decide under its Digital Asset Transaction Support Termination Policy whether to extend the designation, lift it, or end trading support for the asset.
Upbit has placed Zilliqa (ZIL), a staking public-chain token, on its trading caution list in the KRW and BTC markets, according to an exchange notice.
The exchange said the move was tied to security incidents involving ZIL-related wallets or distributed ledger systems, including hacking cases whose causes were unclear or had not yet been resolved, leaving open the possibility of user losses.
ZIL deposits and withdrawals halted
Deposits and withdrawals for ZIL have been suspended since 19:00 on July 20. Upbit said it currently intends to restore withdrawals only. The timing for resuming deposits will be announced separately after additional review.
Caution period runs through the third week of August
The trading caution period is set from 19:00 on July 22 to the third week of August. During that window, Upbit said it will decide under its Digital Asset Transaction Support Termination Policy whether to extend the caution designation, remove it, or terminate trading support for the asset.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
