South Korean exchange Upbit has designated Initia (INIT) as a warning coin, citing security incidents such as unclarified or unaddressed hacking attacks on its virtual asset wallets or distributed ledgers, which pose a risk of user damage. INIT's deposit and withdrawal services were already suspended on October 24, 2026, at 00:57 KST. Following the warning designation, deposit services will not be resumed, and all deposits will be returned. The warning period is from October 26, 2026, 14:00 KST, to the fourth week of November 2026 (November 23-27). Upbit will conduct a detailed review to determine whether to extend the warning, lift it, or terminate trading support.