South Korea’s leading Crypto para stock market Upbit Today, he announced that it will end trade support for Hifi Finance (HIFI) on May 12, 2025, citing unresolved concerns about the transparency and the sustainability of the project.
UPbit will be mad after the investment warning HİFİ Finance (HIFI) on May 12th
The decision came after UPbit’s best practices for digital asset trading support for the status of an investment warning on 28 March 2025 due to a series of red flags determined.
According to the official notification, HIFI trade will end on May 12, 2025 at 17:00. The affected process pairs are:
All waiting and sale orders will be canceled automatically during termination. In addition, UPbit has confirmed that services such as AirDrop, wallet upgrades and hard fork will no longer be supported from the date of announcement.
Reasons behind the removal from the list
Upbit talked about many concerns that led to the decision to remove it from the list:
- Unilateral changes in critical project issues without adequate explanation.
- Changes made in TEKEN’s total export volume and distribution plans.
- Changes in business strategies lacking transparency or open communication.
- General doubts about the reality and sustainability of the project.
Although UPbit offered Hifi Finance the opportunity to handle these problems, the project concluded that the project could not solve the concerns brought up. As a result, the stock market chose to remove the Token from the list in line with the termination of trading support.
Although trading support will end on May 12, users will be able to withdraw their HIFI tokens until June 12, 2025. UPbit advised users to complete their withdrawal within this time to prevent complications.
After the last withdrawal date, it may take a significant amount of time to recover the accidentally deposited HIFI tokens due to technical limitations.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/guney-korenin-onde-gelen-kripto-para-borsasi-upbit-bu-altcoini-delist-ettigini-acikladi-iste-detaylar/
