South Korea's two major exchanges warn GRS on the same day: insufficient disclosure raises doubts about the business.

On December 2nd, there was some movement in South Korea, as both Bithumb and Upbit exchanges issued risk warnings for Grostlcoin (GRS) and directly closed the deposit channels.

It's not without reason. The self-regulatory organization DAXA of exchanges in South Korea conducted a thorough investigation and found that the GRS project team was quite perfunctory in their information disclosure—key information that could affect the coin price was hidden as much as possible, and the actual business progress was disappointing, with several indicators not meeting standards. This operational risk is apparent, making it easy for investors to fall into traps.

The two platforms acted quite quickly this time, which serves as a wake-up call for the market.