Upbit Delisting Notice Sends 3 Altcoins Lower Before September Cutoff

Upbit will end trading support for Storj (STORJ), JasmyCoin (JASMY), and ThunderCore (TT) on September 14 at 3 p.m. KST, delisting six trading pairs from South Korea's largest crypto exchange.

The notices were published on Friday afternoon in Seoul. For all three assets, Upbit said that further reviews found the concerns behind their investment-caution designations remained unresolved.

What Traders Need to Know

Upbit designated STORJ as an asset subject to investment caution on July 28. It added JASMY and TT on July 31. In the delisting notice, the exchange pointed to several shortcomings in STORJ and JASMY.

This included the disclosure of important information, as well as questions about the reality, sustainability, and actual progress of each project's business.

For ThunderCore, Upbit also examined total supply, circulation plans, and the extent of changes to the project's business plan, including whether proper procedures existed for those changes and how transparent and reasonable they were.

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