PANews reported on December 3 that South Korean cryptocurrency exchange Bithumb announced that members of the Korea Digital Asset Exchange Association (DAXA) have issued a warning regarding the AI16Z token. The warning stems from the AI16Z project's unilateral snapshot on November 11th, following its announcement of a rebranding and token swap plan, failing to fulfill its timely disclosure obligations and potentially harming investors. DAXA members are currently negotiating investor protection measures and urging the project team to take responsible action.