Upbit, a leading South Korean cryptocurrency exchange, has designated Nem (XEM) as a cautionary trading item, effective immediately. This decision, announced on Upbit's official website, triggers a temporary suspension of XEM deposit services, starting at 3 PM today. Upbit cited concerns regarding the project's disclosure practices, specifically highlighting inadequacies in transparency, the degree of information provided, the project's actual viability, its long-term sustainability, and potential risks of user damages. The exchange's decision reflects its commitment to safeguarding users and maintaining market integrity. Investors are advised to exercise caution and conduct thorough research before trading XEM on the platform. Further updates from Upbit regarding XEM will be closely monitored. ```