PANews reported on July 28 that according to the official announcement, Korean crypto exchanges Upbit and Bithumb announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for Pundi AI (PUNDIAI) because "the explanatory materials provided by the foundation for the reasons for being designated as a trading warning project alone cannot eliminate relevant doubts. After a comprehensive review of the project's legality, sustainability, and security, it was determined that the project did not meet the standards for maintaining trading support, so it was decided to terminate trading support." Both Upbit and Bithumb will terminate trading support for PUNDIAI on August 28.