Upbit has designated ForTube (FOR) as a warning stock, and deposit services will be suspended

ChainCatcher news, Upbit has announced that ForTube (FOR) has been designated as a warning stock, and the corresponding deposit services will be suspended. It stated that the issuance of ForTube (FOR) seems to have exceeded the limit, and it has repeatedly requested an explanation from the foundation, but the foundation has not yet responded. In addition, based on best practices for supporting virtual asset trading, considering important matters such as the scale of business changes, the transparency and reasonableness of the change process, and the disclosure level and extent of the project's actual progress, the project is still not sufficiently adequate. Therefore, Upbit has designated ForTube (FOR) as a warning stock to protect investors.