Bitcoin Exchanges Upbit, Bithumb, and Coinone Announce They Will Delisting This Altcoin! Here Are the Details

South Korea’s leading cryptocurrency exchanges, Upbit, Bithumb, and Coinone, announced that they have added the Drift (DRIFT) token to their delisting watchlist. This simultaneous decision by the three major exchanges has attracted attention in the market.

The exchanges stated that the step was taken due to hacking and abnormal asset outflows detected in the protocol. Officials emphasized that the problem was not limited to price movements but could directly affect the project’s technical infrastructure.

According to reports, the problem is linked to a series of technical glitches affecting the DRIFT token itself, the wallets managed by the issuing team, or the distributed ledger (blockchain) structure where the token is created and stored. This situation prompted exchanges to act quickly due to concerns about potential investor security risks.

Assets placed on the delist watchlist are closely monitored for a specific period, and if no improvement is seen in the project during this time, they can be completely removed from platforms. Experts point out that such developments can create significant price pressure on the token in question.

Investors are advised to exercise caution when trading this asset and to closely monitor any new announcements from exchanges. The outcome of the process will depend on how quickly the project resolves its technical issues.

*This is not investment advice.