#Upbit suspends SOLVE deposit service#
Hot Topic Overview
Overview
South Korean cryptocurrency exchange Upbit has suspended deposits of Solve.Care (SOLVE), citing a lack of transparency and potential risks to investors. SOLVE has been designated as a "Caution Project" and will undergo a two-week review period. Upbit will evaluate whether to extend the designation period, cancel the designation, or terminate trading support during this time.
Ace Hot Topic Analysis
Analysis
South Korean cryptocurrency exchange Upbit has suspended deposits for Solve.Care (SOLVE) due to its lack of transparency, which could pose risks to investors. SOLVE has been designated as a "warning project" and will undergo a two-week review period. During the review period, Upbit will assess whether to extend the designation period, lift the designation, or terminate trading support. Upbit's action indicates its concern about the transparency and potential risks of the SOLVE project, and it aims to assess the authenticity of the SOLVE project through the review period to protect investor interests.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Upbit has suspended SOLVE deposit services due to its lack of transparency, which could pose risks to investors.
SOLVE has been designated as a 'caution project' and will undergo a two-week review period.
Upbit will assess whether to extend the designated period, cancel the designated period, or terminate trading support during this time.
Upbit's suspension of SOLVE deposit services could negatively impact the price and market confidence of SOLVE.