According to online reports, according to an official announcement, South Korea's crypto exchange Bithumb announced that members of the Korea Digital Asset Exchanges Association (DAXA) plan to terminate trading support for ALEX. Bithumb is expected to terminate trading support for ALEX on August 11 and withdraw support for ALEX on September 11. Bithumb said that although the project party submitted relevant explanatory materials, it failed to resolve the reasons for the transaction risk warning. After comprehensive evaluation of the project's materiality, sustainability and security-related factors, it was concluded that the token did not meet the criteria for continued transaction support.