South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, have announced a new decision regarding the KernelDAO (KERNEL) token, which they previously placed on a trading alert list to protect investors.
According to the announcements, both platforms have lifted the “trading alert” status applied to KERNEL following the conducted reviews, and the asset will return to normal trading conditions.
Upbit announced that KERNEL has been placed under a trading alert on April 20, 2026. The exchange stated that this decision was influenced by security incidents reported in the wallets or digital asset infrastructure associated with the project, as well as uncertainties regarding the project’s sustainability and operational status.
However, it was stated that the KernelDAO team subsequently provided comprehensive explanations and supporting documents to the exchange. Upbit announced that, as a result of the evaluations, the questions regarding the security incidents were resolved and sufficient transparency was provided regarding the project’s operations, and therefore, it decided to remove its alert status as of June 19, 2026.
Similarly, Bithumb announced the termination of the trading alert applied to KERNEL and MAP Protocol (MAPO). The exchange stated that these assets have been returned to normal trading status after it was determined that the relevant risk factors have been eliminated.
With this decision, deposit and withdrawal services for KERNEL will be reopened. Upbit announced that deposits made during the suspension period will be gradually credited to user accounts after services are reactivated.
Exchanges also warned investors to be cautious about high volatility that could arise from price differences between different platforms following the resumption of services. Experts point out that such decisions in the South Korean market could have short-term effects on the trading volume and price performance of the relevant tokens.
*This is not investment advice.
