Upbit and Bithumb list Initia (INIT) as an asset under a trading warning; deposits and withdrawals suspended
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AT A GLANCE
Due to security incidents whose cause has not yet been determined or remedied, Upbit and Bithumb listed Initia (INIT) as an asset under a trading warning.
Article
Upbit and Bithumb list Initia (INIT) as an asset under a trading warning
PANews October 26 reports that, according to an official announcement, South Korean exchanges Upbit and Bithumb listed Initia (INIT) as an asset under a trading warning. Upbit stated that, considering various factors, including security incidents such as hacking (where the cause of the attack has not yet been determined or remedied), it confirmed that the token may pose risks to users. Earlier reports said that after Initia was attacked, Upbit and Bithumb suspended INIT deposits and withdrawals and issued a warning.
PANews reported that, according to an official announcement, South Korean exchanges Upbit and Bithumb listed Initia (INIT) as an asset under a trading warning.
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Upbit stated that, after comprehensively considering various factors, including security incidents such as hacking, it confirmed that INIT may pose risks to users.
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The article stated that the cause of the related attack has not yet been determined or remedied.
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After Initia was attacked, Upbit and Bithumb had already suspended INIT deposits and withdrawals and issued a warning.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A trading warning means that the exchange considers the asset to involve risks requiring users' particular attention. The risks described in this article are related to the attack on Initia, and the cause of the attack or its remediation status remains unclear; the two exchanges had also previously suspended INIT deposits and withdrawals.
Why it matters to readers
Users holding or trading INIT may temporarily be unable to make deposits and withdrawals normally and should monitor whether the exchanges adjust the warning status.
Beginners should not interpret “listed under a warning” as meaning that the risks have been resolved. While deposits and withdrawals are restricted and the security incident remains unresolved or its cause undetermined, first check the exchange announcements and subsequent developments.
Risks and unknowns
No original announcement link from Upbit or Bithumb was provided as evidence.
The specific cause, scope of impact, and losses from the attack were not disclosed.
It remains unclear whether the security issue has been remedied.
INIT When deposits and withdrawals will resume was not disclosed.
Whether the trading warning will subsequently be lifted or escalated was not disclosed.
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Related concepts
trading warning asset
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