Korea’s major cryptocurrency exchanges Upbit and Bithumb announced on August 28, 2025 that they will end trading support for Pundi AI (Pundai).
The decision was based on security vulnerabilities and lack of transparency. Users can withdraw assets from the exchange until September 29, 2025.
According to an official release from Upbit, the decision was based on an assessment by the Digital Asset Exchange (DAXA) Joint Advisory Committee. DAXA member exchanges can issue trading alerts for specific assets, place them on a “watch list” or cancel trading support completely to ensure the safety of users.
Pundiai was classified as a “Trade Warning Entity” on July 14, 2025. The reasons for being cited were project-related security breaches and the project team did not inform investors appropriately and in a timely manner. After further evaluation, Upbit decided that these issues had not been resolved and decided to terminate transaction support completely.
The exchange also announced that all open orders for the Pundai/BTC trading pair will be cancelled at 3pm on August 28th, with no Pundai-related services being offered after this date.
Users are encouraged to withdraw their Pundai assets by September 29, 2025, recall that investments made after this date will not be processed and that the return of the asset sent incorrectly can take a very long time for technical reasons.
*This is not investment advice.
