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Upbit, the largest cryptocurrency exchange in Korea, has designated 25 cryptocurrencies as important items. In fact, it was foreshadowing the delisting, but the sudden announcement caused the price of the relevant stocks to plummet, leading to damage to investors.



Reporter Kim Jung-woo reports.



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Upbit's designation of items to be considered was announced by surprise yesterday (11th) afternoon ahead of the weekend.



The exchange announced that it would decide whether to 'delist' after reviewing for a week while disclosing 25 types of virtual currencies that did not meet the exchange's own standards, such as technical capabilities, information disclosure, and global liquidity.



Due to the delisting notice, the prices of these cryptocurrencies plummeted by as little as 10% to as much as 40% or more.



The situation was the same for the five cryptocurrencies that said they would stop trading in won.



The virtual currency included in the list of note accounts for about 15% of all virtual currencies listed on Upbit, and many of them are traded only in Korea.



Upbit's move to thin out virtual currencies seems to be a measure to sort out problematic virtual currencies ahead of a report to the financial authorities in September.



[Park Seong-joon/Director of Dongguk University Blockchain Research Center: Trust and transparency in exchanges is also very important. There must have been a promise to manage the accounts for the proceeds from the token sale. (To see it.)] The



foundation and investors that issued the virtual currency protested.



[Lee Geun-woo / Quiz Talk Foundation Vice President: There was no such thing as prior notice. (Yesterday) I only got the notification that I was not qualified internally. When I asked what my internal qualifications were, I only got a reply that I couldn't tell you.] The



exchange stipulates that withdrawals can be made within 30 days after the end of trading support, that is, delisting, but since the price has already plummeted, losses for investors are avoided. doesn't seem to be possible.



(Video coverage: Kim Nam-seong, Video editing: Lee Seung-hee)