TechFlow reported on October 29 that Upbit announced ForTube (FOR) has been designated as a warning-listed project, and related deposit services will be suspended. Upbit stated that the issuance volume of ForTube (FOR) appears to have exceeded its intended supply, and despite multiple requests for clarification from the exchange, the foundation has not responded. Furthermore, according to best practices supporting virtual asset trading, the disclosure regarding significant business changes, transparency and reasonableness of change procedures, and actual project progress remains insufficient. Therefore, Upbit has designated ForTube (FOR) as a warning-listed project to protect investors.
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