South Korea’s main cryptocurrency change Upbit introduced at the moment that it’ll finish buying and selling assist for HIFI Finance (HIFI) on Might 12, 2025, citing unresolved issues about mission transparency and sustainability.
Upbit will checklist Hifi Finance (HIFI) on Might 12 following funding warning
This choice is because of many purple flags recognized by UPBit’s greatest practices for digital asset buying and selling assist after HIFI was positioned in funding alert standing on March 28, 2025.
In accordance 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 will likely be routinely cancelled upon completion. Upbit additionally confirmed that HiFi-related companies similar to airdrops, pockets upgrades and onerous 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 important mission with out correct rationalization.
- Adjustments to complete token issuance and distribution plans.
- Adjustments in enterprise methods that lack transparency or clear communication.
- Common questions concerning the actuality of the mission and sustainability.
Regardless of offering HIFI Finance with the chance to handle these points, Upbit concluded that the mission failed to handle the issues raised. Because of this, the change has chosen to checklist the tokens consistent with 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 chance deposit HiFi tokens as a consequence of technical restrictions.
*This isn’t funding recommendation.
