Upbit, Bithumb, Coinone place KERNEL on delisting watchlist

South Korean crypto exchanges Upbit, Bithumb, and Coinone have announced the designation of KernelDAO (KERNEL) for their delisting watchlists. Upbit explained its decision was based on two factors: an unaddressed or unresolved security incident, such as a hack, on the project's managed wallets or distributed ledger, and a comprehensive review that identified a potential risk of harm to users due to concerns about the project's business viability, sustainability, and progress.