[Upbit] Notice on Designation of Solve.Care (SOLVE) as a Cautionary Item

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Solve.Care (SOLVE) has been designated as a cautionary item, and as a result, the deposit service will be temporarily suspended.

(Article 17, Paragraph 1, Subparagraph 1 of the Enforcement Decree of the Virtual Asset User Protection Act)

Please find below the detailed reasons for the designation of the cautionary item, and members holding this digital asset are advised to check the following details.

[Notice on Reasons for Designation as a Cautionary Item]

• Target Market: SOLVE/BTC

• Reasons for Designation as a Cautionary Item

• Upbit has identified several deficiencies in Solve.Care (SOLVE) when comprehensively considering the total issuance of the virtual asset, distribution plan, changes in business plans and their extent, the existence of necessary procedures for changes, transparency and rationality of change procedures, transparency of virtual asset operation, and the reality and sustainability of the business, which may cause user harm. Therefore, Upbit designates Solve.Care (SOLVE) as a cautionary item to protect investors.

• Designation Period as a Cautionary Item: January 10, 2025 (Fri) 20:00 KST \~ January 24, 2025 (Fri) 23:59 KST

[Steps After Designation as a Cautionary Item]

• Once designated as a cautionary item, Upbit will generally determine whether to extend the designation, lift it, or terminate trading support after a detailed review of the digital asset.

• Upbit plans to conduct a review based on the digital asset trading support termination policy regarding the reasons for designation as a cautionary item after the designation.

• During the review process, the review period for the designation as a cautionary item may be extended, and if the reasons for designation are not fully resolved, the termination of trading support may be decided.

• If the review period is extended or the termination of trading support is decided, separate announcements will be made, and the exact schedule will be provided through those announcements.

• Digital assets designated as cautionary items cannot be reflected in deposits after the time of this notice, and all deposits will be subject to return.

• Upbit's designation of digital assets as cautionary items and termination of trading support are based on the [Digital Asset Trading Support Termination Policy](https://static.upbit.com/guide/market_policy_close.pdf).

[Notice on Temporary Suspension of Deposits]

• Target Digital Asset: Solve.Care (SOLVE)

• Deposit Block Time: January 10, 2025 (Fri) 20:00 KST

• Notice on Resumption of Deposits: To be announced according to the procedures after designation as a cautionary item

[Precautions Regarding Deposits]

• After the suspension of deposit support, deposits of SOLVE may not be reflected in the Upbit account, and in such cases, recovery may not be possible. Please be aware of this and do not deposit after the suspension of deposit support.

• During the suspension period, the deposit return process for the digital asset will be temporarily suspended and will be processed sequentially after the resumption of deposit support.

• In the event of a deposit suspension, delays in deposit processing may occur due to network congestion, and there may be a difference between the confirmation time of the transaction on the blockchain network and the deposit reflection time.

• Deposits may occur on some blockchain networks before or after the suspension time, but normal processing is not possible during the inspection period according to our wallet system processing situation, and processing may be delayed as it will be handled sequentially after the inspection is completed.

• In the case of unplanned inspections such as wallet inspections or network inspections, deposits may occur on some blockchain networks before or after the announcement, but normal processing is not possible during the inspection period according to our wallet system processing situation, and processing may be delayed as it will be handled sequentially after the inspection is completed.

• If any special circumstances arise regarding the resumption of deposit support, we will inform you through this notice.

Upbit will always do its best to ensure safe trading for our members.

Thank you.

※ Virtual assets are high-risk products that can result in the loss of all or part of your investment.

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