A South Korean cryptocurrency exchange has announced that, according to a joint decision by the Digital Asset eXchange Alliance (DAXA), Boundless (ZKC) has been designated as an “Investment Warning” token, and its deposit service will be suspended starting today at 20:30 (GMT+8).
The exchange stated that after evaluating the ZKC project, it found significant shortcomings in areas such as changes to the circulation plan and the transparency and rationality of information disclosure. According to the announcement, after discovering that the project’s circulation exceeded the original plan, the exchange communicated with the project team, but the related concerns were not resolved. The “Investment Warning” designation will remain in effect until October 17. During this period, the exchange will conduct further review of the project, and if the issues are not fully resolved, it may decide to terminate trading support (delisting).