Termination of market support for Linear(LINA) (10/06 16:00)

Dear Upbit users,

We would like to inform you of the termination of market support for Linear(LINA).

• Reference : [Trade] Investment Warning (LINA)

[Common notes regarding the termination of market support]

• Termination of market support for digital assets is grounded on Upbit Market Investment Warning and Termination of Market Support Policy.: Upbit Market Investment Warning and Termination of Market Support Policy
• Market support for LINA will be terminated at 2023-10-20 16:00 (KST).
• Upon the termination of market support, orders (buy / sell) in the market requested prior to the termination of market support will be cancelled.
• After this notice, Upbit will not support services for the digital asset whose market support is to be terminated. This includes services for airdrop, wallet upgrade, hard fork, etc.

[Termination of market support]Linear(LINA)

• Market : LINA/BTC
• Termination schedule : 2023-10-20 16:00 (KST)
• Reason for the termination of market support
  • On September 22, 2023, Upbit flagged an investment warning on LINA due to the potential for significant value fluctuations caused by the failure of the ℓUSD stable coin to accurately synchronize with the value of one dollar, as well as other related issues. Despite the warning period, the synchronization of ℓUSD value has not been restored, and it was found that ℓUSD did not qualify for the exception clause of DAXA's stable coin and related asset risk indicators. As a result, Upbit determined that the underlying reasons for the investment warning have not been resolved and decided to terminate market support for LINA in accordance with the Upbit Market Investment Warning and Termination of Market Support Policy.

Even if market support for the digital asset gets terminated, withdrawals will be supported for 30 days (~ 2023-11-19) from the date of termination in accordance with Upbit's Policy on the termination of market support.In case you need withdrawal, please make sure to do so before 2023-11-19*If you deposit or mistakenly transfer assets that are no longer supported, the deposit will not be reflected and it may take a very long time to return the assets due to technical reasons after the withdrawal support period has ended. Therefore, please be careful when making deposits or transfers.

Please rest assured that Upbit is fully committed to ensuring the safety of your trading.

Thank you.

※ If there is any discrepancy between the translated English version and the original Korean version, the Korean version shall prevail.