Upbit, South Korea’s largest cryptocurrency exchange by trading volume, has officially lifted its Trading Warning designation for IoTeX (IOTX), specifically affecting the IOTX/BTC pair. The warning was issued on February 23, 2026, after Upbit cited unexplained or unresolved security incidents involving IoTeX’s wallet or distributed ledger.
DAXA, the Digital Asset Exchange Alliance of Korean exchanges, categorized the issue as a coordinated response item for member institutions. After completing a defense procedure with the IoTeX team and reviewing documentation on the incident and remedial measures, Upbit determined that the grounds for the designation had been resolved and formally removed the warning on March 24, 2026.
This resolution reflects ongoing collaboration among Upbit, IoTeX, and DAXA to address security concerns and uphold market integrity for a major trading pair. The resolution signals continued cooperation among Upbit, IoTeX, and DAXA in addressing security concerns and maintaining market integrity for IoTeX trading pairs.
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