Crypto exchanges Upbit, Bithumb, and Coinone announce delisting of this altcoin

Leading South Korean cryptocurrency exchanges Upbit, Bithumb, and Coinone have announced that the Drift (DRIFT) token has been placed on the delisting watchlist. This simultaneous decision by the three largest exchanges has attracted significant market attention.

The exchanges stated that the move was taken due to a hack and abnormal asset outflows detected in the protocol. Officials emphasized that the issue is not limited to price fluctuations but may directly affect the project's technical infrastructure.

According to reports, the issue is related to a series of technical failures affecting the DRIFT token itself, wallets managed by the issuer team, or the distributed ledger (blockchain) structure where the token is created and stored. This situation prompted the exchanges to act swiftly due to concerns over potential risks to investor security.

Assets placed on the delisting watchlist are closely monitored over a certain period, and if no improvements are observed during this time, they may be completely removed from the platforms. Experts note that such events can exert significant pressure on the token’s price.

Investors are advised to exercise caution when trading this asset and closely monitor any new announcements from the exchanges. The outcome of the process will depend on how quickly the project resolves its technical issues.

See also: "Attention Binance Users! New Crypto Feature Announced Coming Soon"

#Altcoins #Upbit

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