Bithumb Places Tokens on Delisting Watchlist Amid Security Concerns

South Korean cryptocurrency exchange Bithumb has placed CORE and INJ on its delisting watchlist following an internal security assessment that flagged irregularities in the handling of assets associated with these tokens. The review was triggered by a confirmed security incident involving either a wallet compromise or a vulnerability in the distributed ledger where the tokens are issued, transferred, or stored.

The exchange cited unresolved or unexplained hacks as the reason for the review, highlighting the importance of security in maintaining trust in digital asset markets. Bithumb's move aligns with its policy to review tokens that exhibit security weaknesses or unexplained anomalies.

Holders of CORE and INJ on Bithumb should monitor the exchange's official communications for updates, as a delisting could lead to price volatility and liquidity concerns. Traders are advised to consider transferring assets to private wallets if they are concerned about potential delisting.