DAXA’s review prompted South Korea’s top exchanges to halt GRS deposits over disclosure failures and unmet business standards, citing investor protection risks.
Bithumb and Upbit, two leading South Korean crypto exchanges, have listed Groestlcoin (GRS) as a “trade caution” asset and suspended deposits following a Digital Asset eXchange Alliance (DAXA) review. The investigation found inadequate disclosure of key details and multiple unmet business standards, raising concerns about potential risks to investors. Both exchanges acted to mitigate these risks, reflecting ongoing enforcement of transparency and operational standards in the Korean crypto market.