Upbit, Bithumb and other Korean CEX announced the termination of Loom Network (LOOM) trading

Odaily Planet Daily News: According to official sources, South Korean cryptocurrency trading platforms Upbit and Bithumb have announced that they will soon terminate trading on Loom Network (LOOM). Officially, Loom Network (LOOM) has been removed from the membership of DAXA (Korea Association of Digital Asset Trading Platforms). After a comprehensive review of the foundation's public disclosures and the authenticity and sustainability of its business, it has been decided to terminate trading support as LOOM does not meet the standards for maintaining trading support. The termination date and time for trading (buy/sell) are temporarily set for Wednesday, May 7th, 2025 at 3:00 PM.