According to TechFlow, on September 24, the Korean cryptocurrency exchange Bithumb issued an announcement, announcing that the Rally (RLY) token will be listed as a cautious investment project. According to the exchange's "Policy on the Designation of Cautious Virtual Asset Investment Projects", the RLY token recharge business will be suspended from 13:00 local time on September 24.
The main reasons for Bithumb's decision include: 1) some of the important information documents provided by the RLY project could not be confirmed; 2) insufficient technical support for the project; and 3) poor overall operating performance of the project. The exchange said it will announce whether to extend the cautious project status, lift restrictions, or terminate trading support between October 21 and 25.