South Korean exchanges face renewed scrutiny over self-regulated token listings

South Korean crypto exchanges’ self-regulated listing system is facing renewed scrutiny as problems involving overseas tokens listed on domestic platforms continue to emerge, Newsway reported. The report said responses have diverged across exchanges, prompting calls for transparent disclosure of post-listing review standards and the grounds for each decision. Exchanges placed Storage (STORJ) on a delisting watchlist after Storage Labs filed for Chapter 11 bankruptcy protection, while Movement token had seen no action for nearly a month despite a bankruptcy filing by Movement Labs, according to the report. Exchanges also reached different conclusions on meme coin Bonk after a hack, with some moving to delist it and others lifting investment-caution designations. South Korea currently has 768 listed tokens, and concerns are growing that post-listing reviews could become looser as exchanges compete to expand the number of listed assets. The report said investor protection measures are urgently needed, including clearer maintenance standards and disclosure of the review process.