Technology

Bithumb Issues Investment Warning for SANTOS, PORTO, and LAZIO Tokens



Bithumb Announces Investment Warning Designations for SANTOS, PORTO, and LAZIO Tokens

Bithumb Announces Investment Warning Designations for SANTOS, PORTO, and LAZIO Tokens

Bithumb, South Korea’s premier digital asset platform, has recently announced new Investment Warning designations for SANTOS, PORTO, and LAZIO tokens. These designations are due to low liquidity and manipulation risks associated with these tokens.

As part of their commitment to investor protection, Bithumb has implemented these designations in line with their “Virtual Asset Investment Warning Designation Policy.” The goal is to alert investors to exercise caution when trading these assets.

Details of the Investment Warning Designation:

  • Designation Date: April 5, 2024
  • Suspension of new deposits: Expected from April 5, 2024, at 12:30
  • Notice of extension, removal of designation, or end of trading support: Mid-April (between April 15 and April 19)

It is important to note that these schedules are subject to change based on internal circumstances. If the reasons for the Investment Warning designation are resolved within the designation period, the assets may be cleared of the warning status.

Bithumb remains committed to providing a secure and transparent trading environment for its users. The platform conducts ongoing supervision of supported virtual assets and collaborates with external experts to ensure a safe trading space for investors.

Investors are advised to stay informed about updates regarding these designated assets and proceed with caution when trading them. Bithumb appreciates the continued support and understanding of its users as it strives to create a healthy and transparent trading ecosystem.

Image source: Shutterstock


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