South Korea's main cryptocurrency alternate Upbit introduced immediately that it’ll finish buying and selling assist for HIFI Finance (HIFI) on Might 12, 2025, citing unresolved issues about undertaking transparency and sustainability.
Upbit will listing Hifi Finance (HIFI) on Might 12 following funding warning
This choice is because of many purple flags recognized by way of UPBit's finest practices for digital asset buying and selling assist after HIFI was positioned in funding alert standing on March 28, 2025.
In keeping with the official notification, HiFi transactions will shut at 5:00 PM on Might 12, 2025. The affected buying and selling pairs are:
All pending purchase and promote orders shall be robotically cancelled upon completion. Upbit additionally confirmed that HiFi-related companies similar to airdrops, pockets upgrades and exhausting forks will not be supported as of the date of announcement.
The explanation behind the itemizing
Upbit cited a number of issues that led to the choice to delist.
- Unilateral adjustments to problems with a crucial undertaking with out correct clarification.
- Adjustments to complete token issuance and distribution plans.
- Adjustments in enterprise methods that lack transparency or clear communication.
- Normal questions concerning the actuality of the undertaking and sustainability.
Regardless of offering HIFI Finance with the chance to handle these points, Upbit concluded that the undertaking failed to handle the issues raised. Because of this, the alternate has chosen to listing the tokens according to its finish of commerce assist coverage.
Buying and selling assist ends on Might twelfth, however customers could withdraw their HIFI tokens till June twelfth, 2025. Upbit advises customers to finish withdrawals inside this era to keep away from problems.
After the withdrawal deadline, it could take fairly some time to by accident deposit HiFi tokens because of technical restrictions.
*This isn’t funding recommendation.
