Key facts
- Upbit will delist Storj, JasmyCoin, and ThunderCore on September 14.
- The delisting is due to unresolved concerns about disclosures, project operations, and token circulation.
- Trading pairs affected include STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW, and TT/BTC.
- Withdrawals for the delisted tokens will be supported until October 14.
- STORJ, JASMY, and TT experienced price declines after the announcement.
South Korean cryptocurrency exchange Upbit has announced the delisting of Storj (STORJ), JasmyCoin (JASMY), and ThunderCore (TT) effective September 14, citing unresolved concerns identified during a warning review. The exchange will cease trading support for STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW, and TT/BTC pairs at 3:00 p.m. Korea Standard Time on that date.
Upbit had previously placed STORJ under an investment warning on July 28, followed by JASMY and TT on July 31. The exchange's review focused on deficiencies in information disclosure affecting investors, the substance and sustainability of business operations, and transparency in project changes. For ThunderCore, specific concerns were raised regarding total token issuance and circulation plans.
Following the announcement, all three cryptocurrencies saw price declines, with TT falling 6.62%, JASMY dropping 5.25%, and STORJ decreasing by 1.98%. Storj Labs, the company behind STORJ, recently filed for Chapter 11 bankruptcy protection, though Upbit did not explicitly state this as the sole reason for the delisting.
Users holding the affected tokens will have until October 14 to withdraw them to compatible external wallets or other supporting platforms. All outstanding buy and sell orders will be canceled at the time trading support ends.