South Korea’s main cryptocurrency trade Upbit introduced at this time that it’s going to finish buying and selling help for Hifi Finance (HIFI) on Might 12, 2025, citing unresolved considerations relating to transparency and sustainability of the venture.
Upbit to Delist Hifi Finance (HIFI) on Might 12 Following Funding Warning
The choice comes after HIFI was positioned on funding alert standing on March 28, 2025, as a result of a lot of purple flags recognized by means of Upbit’s Finest Practices for Digital Asset Buying and selling Help.
In accordance with the official discover, HIFI buying and selling will finish at 17:00 on Might 12, 2025. The affected buying and selling pairs are:
All pending purchase and promote orders will probably be robotically canceled upon termination. Upbit additionally confirmed that as of the announcement date, HIFI-related companies resembling airdrops, pockets upgrades, and laborious forks will now not be supported.
Causes Behind Delisting
Upbit cited a number of considerations that led to the delisting choice:
- Unilateral adjustments to crucial venture points with out satisfactory rationalization.
- Modifications to the entire issuance quantity and distribution plans of the token.
- Modifications in enterprise methods that lack transparency or clear communication.
- Normal doubts relating to the truth and sustainability of the venture.
Regardless of providing Hifi Finance the chance to deal with these points, Upbit concluded that the venture failed to deal with the considerations raised. In consequence, the trade has chosen to delist the token in keeping with its buying and selling help termination coverage.
Whereas buying and selling help will finish on Might 12, customers will be capable to withdraw their HIFI tokens till June 12, 2025. Upbit has suggested customers to finish their withdrawals inside this era to keep away from problems.
After the withdrawal deadline, it could take a major period of time for HIFI tokens deposited by mistake to be recovered as a result of technical limitations.
*This isn’t funding recommendation.
