South Korea’s main cryptocurrency trade Upbit introduced at present that it’ll finish buying and selling assist for HIFI Finance (HIFI) on Could 12, 2025, citing unresolved issues about challenge transparency and sustainability.
Upbit will checklist Hifi Finance (HIFI) on Could 12 following funding warning
This determination is because of many pink flags recognized via UPBit’s greatest practices for digital asset buying and selling assist after HIFI was positioned in funding alert standing on March 28, 2025.
Based on the official notification, HiFi transactions will shut at 5:00 PM on Could 12, 2025. The affected buying and selling pairs are:
All pending purchase and promote orders will likely be mechanically cancelled upon completion. Upbit additionally confirmed that HiFi-related companies akin to airdrops, pockets upgrades and onerous forks will now not be supported as of the date of announcement.
The rationale behind the itemizing
Upbit cited a number of issues that led to the choice to delist.
- Unilateral adjustments to problems with a important challenge with out correct clarification.
- Modifications to whole token issuance and distribution plans.
- Modifications in enterprise methods that lack transparency or clear communication.
- Basic questions in regards to the actuality of the challenge and sustainability.
Regardless of offering HIFI Finance with the chance to deal with these points, Upbit concluded that the challenge failed to deal with the issues raised. Because of this, the trade has chosen to checklist the tokens in step with its finish of commerce assist coverage.
Buying and selling assist ends on Could twelfth, however customers might withdraw their HIFI tokens till June twelfth, 2025. Upbit advises customers to finish withdrawals inside this era to keep away from issues.
After the withdrawal deadline, it might take fairly some time to by accident deposit HiFi tokens because of technical restrictions.
*This isn’t funding recommendation.
