Upbit: ForTube (FOR) has been designated as a warning stock, and deposit services will be suspended
On October 29th, Upbit released an announcement showing that ForTube (FOR) has been designated as a warning stock, and the corresponding deposit service will be suspended. It said that the issuance of ForTube (FOR) seems to have exceeded the situation, and has repeatedly asked the foundation to explain, but the foundation has not yet responded. In addition, according to the best practices to support virtual asset trading, considering the large-scale changes in the business, the transparency and rationality of the change procedure, the degree and extent of disclosure of important matters such as the actual progress of the project, the project is not sufficient. Therefore, Upbit designated ForTube (FOR) as a warning stock to protect investors.