Notice on Termination of Trading Support for Hifi Finance(HIFI) (5/12 17:00 KST)

Dear Upbit users,

We would like to inform you of the termination of trading support for Hifi Finance(HIFI).

• Reference: [Trade] Notice on Investment Warning Designation for Hifi Finance(HIFI)

[Important Notes on Trading Support Termination]

• The termination of trading support for digital assets is in accordance with Upbit's Digital Asset Trading Support Termination Policy: Upbit Digital Asset Trading Support Termination Policy
• Trading support for this digital asset will end on May 12, 2025 (Monday) at 17:00 KST.
• At the time of termination, all buy/sell orders placed before the end of trading support will be automatically canceled.
• From the time of this notice onward, services such as airdrops, wallet upgrades, and hard forks for the affected digital asset will no longer be supported.

[Details on Trading Support Termination for Digital Asset]

Hifi Finance(HIFI)

• Affected Markets: HIFI/KRW, HIFI/BTC

• Scheduled Termination Date: May 12, 2025 (Monday) at 17:00 KST

• Reason for Termination:

  • On March 28, 2025, Upbit flagged an investment warning on Hifi Finance(HIFI) due to concerns identified through the Best Practices for Digital Asset Trading Support. These concerns included unilateral changes to critical matters without valid reason, changes in total issuance volume, distribution plans, business plans, lack of transparency in change procedures, and doubts about the project's authenticity and sustainability.
  • After further review, Upbit concluded that the reasons for the investment warning had not been resolved. Therefore, in accordance with the policy for designation of cautionary items and trading support termination, a decision was made to terminate trading support for Hifi Finance(HIFI).

• Even after trading support ends, withdrawals will be supported for 30 days until June 12, 2025, in accordance with the trading support termination policy.

• If you need to withdraw the asset, please make sure to do so by June 12, 2025.
  *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.

※ 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.