South Korea's two major platforms issue a simultaneous warning for GRS: insufficient information disclosure leads to business lagging behind, and deposits have been suspended.

On December 2nd,【Block Rhythm】the two major trading platforms in South Korea, Bithumb and Upbit, simultaneously announced that Grostlcoin (GRS) was placed on the “Trading Alert” list and also closed the deposit channel.

This matter has to start with the self-regulatory organization DAXA from the exchanges in South Korea. They reviewed the materials of GRS and found that the project party was quite sloppy in information disclosure—key information that could affect the coin price was not clearly stated, and the actual business progress did not match the initial promises. According to DAXA, this kind of operation is very likely to deceive investors.

In simple terms, it means that the project's transparency is insufficient, and the exchange is afraid of taking responsibility, so they want to fully implement risk control measures first.