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UXLINK 'delisted' by Korean exchanges…"Compensation plan to be finalized after Chuseok"

JOON HYOUNG LEE

概要

UXLINK said it has been delisted from major domestic cryptocurrency exchanges.
UXLINK said it will finalize a compensation plan after Chuseok, and compensation for investors was announced.
UXLINK reported asset-freezing measures due to a recent hacking incident and that a price decline is continuing.

UXLINK (UXLINK) will be delisted from domestic cryptocurrency exchanges. UXLINK said it will finalize a compensation plan after the Chuseok holiday.

On the 2nd (local time), UXLINK said via its official X (X) account that "we received notice from the Digital Asset Exchange Joint Consultative Body (DAXA·Daksa) regarding the termination of UXLINK support on Arbitrum (ARB)." The Digital Asset Exchange Joint Consultative Body is a self-regulatory consultative body established in 2022 by the five major domestic exchanges, including Upbit and Bithumb. UXLINK said, "We are communicating with Korean exchanges regarding a new Ethereum (ETH)-based UXLINK swap and compensation plan."

Compensation will also be provided to investors. UXLINK said, "We have a large user base in Korea," and "We will compensate in a fair and transparent manner." It added, "Considering Korea's long holiday period, we will do our best to finalize the compensation plan after the holiday."

Previously, UXLINK's deposits and withdrawals on domestic cryptocurrency exchanges were temporarily suspended at the end of last month due to a hacking incident. UXLINK said it has worked with major exchanges to freeze most of the assets stolen in the hack.

As of 7:18 PM that day, UXLINK was trading on CoinMarketCap at 0.1128 dollars, down 5.93% from the previous day. Compared with a week earlier, it is down 1.5%.

UXLINK