Upbit, one of South Korea’s leading cryptocurrency exchanges, announced that it has added the SPURS token to its “trading alert” list as part of its investor protection policies.
The exchange stated in its announcement that the decision was made in accordance with the audit processes implemented within the framework of the Digital Asset Exchanges Joint Advisory Board (DAXA).
According to the statement, reviews of the SPURS/BTC trading pair revealed that the token’s market capitalization and overall performance fell short of expectations, potentially posing risks to investors. Therefore, Upbit has temporarily placed the asset under monitoring to ensure user security.
The alert period will begin on April 16, 2026 at 17:30 and continue until July 16, 2026. During this time, the token’s status will be examined in detail, and a decision will be made on whether to continue trading support. The alert may be lifted, the period extended, or the token may be delisted entirely.
As part of the decision, deposit transactions for the SPURS token have also been temporarily suspended. Officials warned that deposits made after the specified date may not be reflected in user accounts and may be difficult to recover.
Upbit emphasized that it will continue to take steps to protect investors in line with its principles of regular auditing and transparency. Experts note that such warning decisions are generally aimed at increasing market discipline against high-risk assets.
*This is not investment advice.
