Upbit to remove BONK trading pairs over unresolved security issues
Regulation & Gov ·
South Korea's largest crypto exchange will delist Bonk on September 7, citing unresolved security incidents and insufficient disclosure.
Upbit will end trading of BONK/KRW and BONK/USDT on September 7, according to a notice covered by WuBlockchain. The exchange said the decision stems from unresolved security incidents tied to the token along with inadequate disclosure of material information from the issuer. Withdrawals of BONK will continue to be supported through October 7, giving holders a roughly one-month window to move funds off the platform after trading halts.
The move affects both of the token's listed pairs on Upbit, which is described as South Korea's largest crypto exchange. Delisting from an exchange of that scale typically reduces a token's accessible liquidity and visibility in that market, though the exact scope of the "unresolved security incidents" cited by Upbit has not been detailed publicly in the material reviewed.
The action is corroborated by a separate account describing the same delisting rationale — unresolved security risks and inadequate issuer disclosures — for the BONK/KRW and BONK/USDT pairs, suggesting the cluster around this event includes at least two distinct sources reporting consistent details. Upbit's own notice on the matter is referenced directly in the exchange's service center posting.
What remains unclear from the available material is the specific nature of the security incidents that prompted the delisting, whether they involve the token's smart contract, its issuer's infrastructure, or another vector. It is also not specified what disclosure requirements Upbit found insufficient, or whether the issuer has responded to the exchange's findings. No information is given on whether other exchanges are reviewing similar action against BONK, nor on any timeline for a potential relisting should the cited issues be resolved.
Between now and September 7, market participants holding BONK on Upbit will need to decide whether to trade out of the token before the delisting date or rely on the extended withdrawal window running through October 7. Whether the underlying security concerns get addressed, and whether they surface in any other Upbit-listed disclosures, remains to be seen.