Notice Regarding Allegations of Receiving Listing Fees in Trading Support of Specific Digital Asset

Dear Upbit users,

Recently, a specific media outlet related to digital assets reported that there are intermediary fees involved in the process of supporting digital asset trading on Upbit. We would like to provide our official stance on this matter and demand the position of the concerned media outlet on this matter.

• Reference: Report from the specific media outlet

Upbit Does Not Demand Any Fees in Exchange for Trading Support

Upbit evaluates projects through a strict internal review process based on its trading support procedures and does not proceed with trading support under any financial compensation conditions.Upbit makes decisions regarding trading support in accordance with the Trading Support Policy available on the official website, and the decision-making process is as follows:

1. Trading support application submission
2. Preliminary/simplified review
3. Formal evaluation
4. Resolution by the Trading Support Deliberation Committee
5. Commencement of trading support

During this process, intervention by separate intermediaries is not allowed, and whether intermediary fees are received during the trading support application process is thoroughly reviewed.

Please Be Cautious of Illegal Brokers and False Information Regarding Trading Support

Upbit does not allow the involvement of external agencies to assist or intermediate trading support, and all procedures are conducted directly by Upbit employees.Therefore, if a specific company or individual demands intermediary fees while claiming to guarantee trading support from Upbit, please be advised that this is the act of illegal brokers unrelated to Upbit, and we ask for your special caution to prevent any damage from such actions.

• Reference: Caution on False Trading Support Promotions by Illegal Brokers

To this end, we request Wu Blockchain to clearly disclose the list of digital asset projects that have paid intermediary fees as mentioned on X (formerly Twitter), and to provide concrete evidence and supporting materials. This will enable us to verify the facts and conduct our investigation smoothly. Furthermore, if any illegal brokerage activities are confirmed, we ask that Wu Blockchain also disclose additional information identifying the intermediaries involved, in order to promote a healthy digital asset market.

Upbit will take strong measures, including legal action, against illegal brokers identified through reports.

Upbit operates a reporting channel for fraudulent brokerage activities. If you have received a proposal for trading support or a request for compensation under the pretense of Upbit employees, affiliates, or representatives via social media (SNS), email, or other channels, please report it to us.

[How to Report]

1. PC Web: Customer Center > Policy & Listing Inquiry > Report Listing-Related Fraud
2. Mobile App: More > Customer Center > Report Listing-Related Fraud

Upbit will continue to strive to provide a transparent and sound trading environment.

Thank you.

※ Digital assets are highly volatile and your investment may result in significant loss.※ If there is any discrepancy between the translated English version and the original Korean version, the Korean version shall prevail.