Upbit Adds BLAST to Warning List Amid Commercial Concerns

Upbit, one of South Korea's largest cryptocurrency exchanges, has added BLAST to its warning list due to concerns over the project's commercial operations. The exchange cited a lack of credibility and sustainability in its decision.

The warning announcement affects all BLAST/KRW, BLAST/BTC, and BLAST/USDT trading pairs. Deposits for BLAST have also been temporarily suspended until further notice.

According to Upbit's assessment, the current situation could cause harm to users, prompting the exchange to issue a warning to protect investors.