Deep Tide TechFlow news, on July 9th, according to the official announcement, South Korean cryptocurrency exchange Bithumb announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for ALEX. Bithumb expects to terminate trading support for ALEX on August 11th and withdrawal support for ALEX on September 11th.

Bithumb stated that although the project party submitted relevant explanatory materials, it failed to address the reasons for the trading risk warning. After a comprehensive assessment of the project's substance, sustainability, and security-related factors, it was concluded that the token does not meet the standards for continued trading support.