Upbit lists Initia (INIT) as a trading caution project token.

BlockBeats news, October 26 - According to official sources, Upbit has confirmed the following circumstances regarding Initia (INIT): unexplained or unrepaired security incidents such as hacker attacks have occurred in virtual asset wallets managed by the virtual asset, issuer, or operator, or in distributed ledgers where virtual assets are issued, transmitted, or stored. Considering the potential harm to users, in order to protect investors, Upbit has designated Initia (INIT) as a cautionary trading item.

The deposit and withdrawal services for Initia (INIT) have been suspended. When services are restored in the future, only withdrawal services will be resumed first, and the resumption of deposit services will be notified separately according to the process after being designated as a cautionary trading item.