{"id":62638,"date":"2022-06-08T14:53:04","date_gmt":"2022-06-08T11:53:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62638"},"modified":"2025-09-05T19:12:50","modified_gmt":"2025-09-05T16:12:50","slug":"upbit-to-delist-litecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/upbit-to-delist-litecoin\/","title":{"rendered":"Upbit to Delist Litecoin"},"content":{"rendered":"

One of South Korea’s largest cryptocurrency exchanges, Upbit warned<\/a> users about the delisting of Litecoin (LTC) on June 20, 2022.<\/p>\n

According to the announcement, Upbit requested additional information from the Litecoin Foundation about the MimbleWimble<\/a> protocol and conducted its own analysis.<\/p>\n

\n

\u201c[\u2026] it has been determined that the update includes an option that allows users not to disclose information about transactions\u201d, the company emphasised.<\/p>\n<\/blockquote>\n

According to Upbit representatives, this violates local law. Until July 20, users can withdraw funds from the platform.<\/p>\n

On May 20 in the Litecoin mainnet<\/a> activated the protocol<\/a> with scalability and enhanced privacy features. It uses several technologies, including confidential transactions and CoinJoin<\/a>, which hides the inputs and outputs of senders and recipients, and also merges multiple transactions into one.<\/p>\n

Following this, the possibility of delisting LTC was announced by Bithumb<\/a>. As of writing, the exchange had not announced a termination of support for the asset, but 8BTC reported that the exchange had delisted the coin. A similar move was allegedly taken by Coinone, Korbit and Gopax.<\/p>\n

\n

Five major South Korean #crypto<\/a> exchanges \u2014 Upbit, Bithumb, Coinone, Korbit and Gopax announced to delist #Litecoin<\/a> (LTC)https:\/\/t.co\/p1SdMr1Gu5<\/a><\/p>\n

\u2014 8BTCnews (@btcinchina) June 8, 2022<\/a><\/p><\/blockquote>\n