Upbit has issued a trading warning for Initia (INIT).
The exchange said the trading warning for Initia (INIT) will take effect on October 26, 2026, at 08:00 TRT. The warning covers the INIT/BTC and INIT/USDT trading pairs. Upbit cited its assessment that security incidents that have not been explained or resolved could pose a risk of user losses as the reason for its decision.
Deposit and withdrawal services have been suspended since October 23, 2026, at 18:57 TRT. Deposits sent after the announcement is published will not be credited to accounts and will be eligible for a refund. If services resume, only withdrawals will restart; information on whether deposit services will resume will be shared separately as part of the process following the trading warning decision.
Upbit plans to conduct its review during the fourth week of November 2026, between November 23 and 27, 2026. Depending on the review’s outcome, the warning may be lifted, extended, or trading support may be terminated; the latter option has not been finalized. The exchange said it will issue a separate announcement if the warning is extended or trading support is terminated.
Upbit also reminded users that digital assets carry a high level of risk and that they could lose all or part of their investment.
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