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South Korea’s leading cryptocurrency exchanges, Upbit, Bithumb, and Coinone, announced that they have lifted their previous delisting order for IoTeX ($IOTX). This development is seen as a significant step towards restoring confidence in the project.
The exchanges stated that the factors that led to $IOTX being placed on the watchlist have been resolved following a comprehensive review process. The review included direct communication with the project team and a detailed assessment of the past security incident and the response to it.
Authorities emphasized that the technical reports and improvement steps submitted by the IoTeX team were deemed sufficient, concluding that there were no longer any risk factors that would prevent the asset from being traded.
As is known, a crypto asset being placed on the delist watchlist means that risks have been identified in various criteria such as security, transparency, project development, and market performance. During this process, projects are expected to address these shortcomings.
Experts say that $IOTX’s delisting is a positive signal for investor confidence and could set an important precedent for projects in similar situations. However, investors are warned that risks in crypto assets persist and developments should be closely monitored.
*This is not investment advice.
coindesk.com
beincrypto.com
