PANews reported on March 28 that South Korean crypto exchange Upbit announced today that HIFI will be included in the trading watch list and deposit services will be suspended. This move is based on the decision of the Digital Asset Exchange Association (DAXA) and is aimed at protecting investors. Upbit said that there are many uncertainties in HIFI's total issuance, circulation plan, transparency of business changes, and sustainability of the project, which may cause losses to users. The trading observation period is from March 28, 2025 to 23:59 (KST) on April 11, 2025. During this period, an in-depth review will be conducted. After the review, it may be decided to extend the observation period, lift the observation, or terminate trading support. Users should not deposit HIFI during this period, and the deposit will not be processed. If the rectification requirements are not met at the end of the observation period, there may be a risk of termination of trading support.