South Korea’s Two Largest Exchanges Delist This Altcoin Due to Pressure from Authorities

South Korea's leading cryptocurrency exchanges Upbit and Bithumb announced that they will end trading support for Pundi AI (PUNDIAI) on August 28, 2025.

The decision was based on security vulnerabilities and a lack of transparency. Users will be able to withdraw their assets from exchanges until September 29, 2025.

According to Upbit's official announcement, this decision was made based on assessments by the Joint Advisory Board of Digital Asset Exchanges (DAXA). DAXA member exchanges can issue trading alerts for certain assets, place them on a “watch list,” or completely discontinue trading support to ensure user safety.

PUNDIAI was classified as a “trade alert entity” on July 14, 2025. The reasons cited were project-related security breaches and the project team's failure to adequately and timely inform investors. After further assessment, Upbit determined that these issues had not been resolved and decided to terminate transaction support entirely.

The exchange also announced that all open orders on the PUNDIAI/BTC trading pair will be canceled at 3 PM on August 28 and no PUNDIAI-related services will be offered after this date.

Users are urged to withdraw their PUNDIAI assets by September 29, 2025, and are reminded that investments made after this date will not be processed and the return of assets sent by mistake may take a very long time due to technical reasons.

*This is not investment advice.