TechFlow reported on November 21 that Bithumb announced, according to the decision of the Digital Asset Exchange Alliance (DAXA), it will terminate trading support for Orbcity (ORB) tokens. The specific schedule is as follows: trading (buying and selling) will cease at 15:00 on December 19, 2024 (Korean time), and withdrawal support will end at 15:00 on January 17, 2025 (Korean time).
DAXA stated that the project team failed to provide sufficient documentation regarding trading risks. After a comprehensive assessment of the project’s information disclosure, business substance, and sustainability, it was determined that the project does not meet the criteria for continued trading support. Bithumb reminds users to complete asset withdrawals before the deadline and emphasizes that after the cutoff date, technical support such as mainnet operations, hard forks, airdrops, and token swaps may no longer be available.
