Taiko Placed on Delisting Watchlists Amid Unresolved Security Incident

South Korea's two largest cryptocurrency exchanges, Upbit and Bithumb, have added Taiko (TAIKO) to their respective delisting watchlists. The decision stems from a security incident affecting the asset's wallet or distributed ledger, which remains unresolved.

The exchanges cited the potential for user harm as the primary reason for the designation. In their official notices, Upbit and Bithumb stated that a hack or security breach with an unconfirmed root cause had occurred on the Taiko network.

Under South Korean exchange policies, such unresolved security events can trigger a delisting review process to protect traders from potential losses or network instability. The move places TAIKO in a 'cautionary' category, meaning the exchanges are actively monitoring the situation.