Upbit, Bithumb to delist Loopring (LRC)

South Korean crypto exchanges Upbit and Bithumb have announced they will delist Loopring (LRC) at 6:00 a.m. UTC on March 16. Upbit explained that it had placed the token on a delisting watchlist after identifying several issues, including deficiencies in disclosures, a lack of substance and sustainability in its business operations, and insufficient progress, which it noted could potentially harm users. The exchange added that a subsequent review determined these concerns had not been resolved, prompting the decision to delist.