South Korea’s main cryptocurrency exchanges Upbit and Bithumb introduced that they’ll finish buying and selling help for Pundi AI (PUNDIAI) on August 28, 2025.
The choice was based mostly on safety vulnerabilities and a scarcity of transparency. Customers will be capable to withdraw their belongings from exchanges till September 29, 2025.
In response to Upbit’s official announcement, this choice was made based mostly on assessments by the Joint Advisory Board of Digital Asset Exchanges (DAXA). DAXA member exchanges can concern buying and selling alerts for sure belongings, place them on a “watch record,” or utterly discontinue buying and selling help to make sure person security.
PUNDIAI was categorised as a “commerce alert entity” on July 14, 2025. The explanations cited had been project-related safety breaches and the mission group’s failure to adequately and well timed inform buyers. After additional evaluation, Upbit decided that these points had not been resolved and determined to terminate transaction help fully.
The trade additionally introduced that every one open orders on the PUNDIAI/BTC buying and selling pair will probably be canceled at 3 PM on August 28 and no PUNDIAI-related providers will probably be provided after this date.
Customers are urged to withdraw their PUNDIAI belongings by September 29, 2025, and are reminded that investments made after this date is not going to be processed and the return of belongings despatched by mistake might take a really very long time as a result of technical causes.
*This isn’t funding recommendation.
