Upbit Adds BLAST to Warning List Amid Commercial Operation Concerns
The cryptocurrency exchange Upbit, one of South Korea's largest, has added BLAST to its list of assets under trading alert. The decision was made due to concerns that the project's commercial operations lacked sufficient credibility and sustainability. As a result, deposits for BLAST have been temporarily suspended, affecting trading pairs such as BLAST/KRW, BLAST/BTC, and BLAST/USDT. The warning period will continue until October 16, from October 12-16.
Upbit's decision does not necessarily mean that BLAST has been permanently delisted from the exchange. The exchange may remove the alert at the end of its review process, extend the evaluation period, or completely end support for BLAST trading. However, if the issues causing the warning cannot be fully resolved, a delisting decision may be made, and the date on which trading support will end will be announced separately.
The warning announcement also includes a cautionary note that BLAST tokens sent to Upbit might not be credited to user accounts and in some cases might not be recoverable. Therefore, the exchange warned users against making any new BLAST deposits.