On April 1, according to official news, South Korean crypto trading platforms Upbit and Bithumb also issued an announcement stating that they will terminate the Loom Network (LOOM) transaction. Officials say Loom Network (LOOM) has been removed from the DAXA (Korea Digital Asset Trading Platforms Association). After a comprehensive review of the Foundation's public disclosure and the authenticity and sustainability of the business, it was decided to terminate the transaction support because LOOM did not meet the standards for maintaining transaction support. The transaction (buy/sell) termination date and time is temporarily scheduled at 15:00 on Wednesday, May 7, 2025.