Upbit and Bithumb list Initia as a trading warning asset

According to announcements from Upbit and Bithumb, both South Korean cryptocurrency exchanges have listed Initia (INIT) as a trading warning asset.

The announcement stated that relevant wallets or distributed ledgers have been found to have security incidents such as hacking attacks, the reasons for which are yet to be determined or resolved, potentially leading to user asset losses. Currently, the deposit and withdrawal services for INIT have been suspended on both exchanges.