CoinVoice recently learned that, according to an official announcement, the South Korean cryptocurrency exchange Bithumb has announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for ALEX.

Bithumb's announcement indicates that trading of ALEX will cease on August 11, and withdrawal functions will close on September 11. The exchange stated that although the project team submitted explanatory materials, they failed to resolve the trading risk warning issue, and after evaluation, it was determined that the token does not meet the standards for continued trading. [Original link]