Bithumb and other Korean DAXA members to delist ALEX tokens

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Bithumb, a South Korean cryptocurrency exchange, announced that the Digital Asset Exchange Association of Korea (DAXA) member plan to terminate support for ALEX. Bithumb is expected to end support for ALEX on August 11 and withdrawal support for ALEX on September 11.

Bithumb stated that despite the project team submitting relevant explanatory materials, they were unable to resolve the reason for the trading risk warning. After a comprehensive evaluation of the project's substance, sustainability, and safety factors, it was deemed that the token does not meet the standards for continued trading support.

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