Bithumb, Coinone issue investment warning for ACX

South Korean crypto exchanges Bithumb and Coinone have issued an investment warning for Across Protocol (ACX). The exchanges announced the decision, citing an official proposal from the protocol to dissolve its existing Decentralized Autonomous Organization (DAO) structure and transition to a new entity, AcrossCo. Under the proposal, ACX holders can choose between exchanging their tokens for shares in the new entity on a one-to-one basis or exercising a buyout option at a 25% premium. Both exchanges urged investors to exercise particular caution regarding ACX due to these developments.