Upbit announced via its official website that it will delist NKN on June 15 at 15:00. The exchange explained, "After comprehensively considering the virtual asset's transaction and adoption status, including the reality, sustainability, and actual progress of businesses related to the virtual asset, the trend of increase/decrease in on-chain holders, domestic and international trading volume, liquidity, and trading support status in domestic and international markets, we confirmed that there are multiple deficiencies and a possibility of causing user damage."