South Korea’s two largest crypto exchanges, Upbit and Bithumb, confirmed they will terminate trading support for Storj (STORJ), JasmyCoin (JASMY) and ThunderCore (TT) on September 14, after earlier trading warning designations remained unresolved. Trading for six Upbit pairs — STORJ/KRW, STORJ/BTC, JASMY/BTC, JASMY/USDT, TT/KRW and TT/BTC — will stop at 3:00 p.m. KST on September 14. Bithumb announced matching delistings with the same trading cutoff. All open orders will be canceled when support ends.
Withdrawals will remain available until October 14 at 3:00 p.m. KST on both platforms, after which technical support may become limited. Bithumb also warned that withdrawal processing may require advance address registration.
Upbit first placed STORJ under a trading warning on July 28, two days after Storj Labs filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Northern District of West Virginia. The filing was intended to address legacy liabilities while keeping decentralized storage operations running, but a proposed ownership mechanism for STORJ holders remains only a proposal. Upbit designated JASMY and TT as warning assets on July 31, citing disclosure shortcomings and questions about business substance, sustainability and actual progress.
ThunderCore disputed the exchanges’ assessment, saying plans involving TT had been publicly communicated and that its network, issuance mechanism and operational condition remain normal. Despite the project’s position, both exchanges proceeded with delisting. Coinone has also extended its delisting watchlist designation for STORJ, signaling continued monitoring and possible future action. The decisions highlight South Korea’s stricter post-listing reviews and investor-protection stance, and historically such announcements have led to sharp price declines and increased volatility as liquidity dries up.
