Upbit announced that it has designated NKN as an investment warning digital asset. Upbit explained the reason for the designation as an investment warning digital asset, stating, "After comprehensively considering the actual existence, sustainability, and current progress of businesses related to virtual assets, the trend of increase or decrease in the number of on-chain holders, domestic and international trading volume, liquidity, and the status of trading support in domestic and international markets, including the trading and adoption status of virtual assets, numerous shortcomings exist, and there is a possibility of causing user harm."
