Upbit, South Korea’s largest cryptocurrency exchange, announced that it is examining LINA and may delist it.
Making an official statement on its website, the official UpBit announced that it was under review and could be delisted. Linear Finance, which recently announced that its stablecoin LUSD was attacked, said, “Do not buy or trade LUSD.” LUSD, which lost its stability with this chaos, fell to $ 0.0981. Making a statement about the issue as of today, UpBit stated that LINA has entered the review process and there is a possibility of delisting.
Official statement from Upbit
The exchange announced that it has taken LINA, which has recently created a threat not only to its ecosystem but also to the cryptocurrency market, on its radar, and stated that the necessary work has been done. UpBit announced that it carried out various activities to prevent the depeg issue occurring in the stablecoin from causing problems on the stock market, and announced that studies on the issue are continuing.
UpBit, one of the exchanges that first reacted to the LINA issue, has been continuing its posts on social media and its official website since Linear Finance was attacked. The next moves of the stock exchange, which informs its users up to date, are eagerly awaited.
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