Bithumb, a major cryptocurrency exchange in South Korea, has announced the delisting of VIX Coin (VIX) on January 13th, 2023, at 3 PM (KST). This decision was made after careful consideration and review of the coin's performance and adherence to the exchange's listing standards. According to Bithumb's official announcement, the delisting is the result of the coin failing to address concerns raised by the exchange. Bithumb had previously designated VIX Coin as a "stock to be cautious about," citing issues related to its foundation's disclosures, business authenticity, and sustainability. Despite providing opportunities for the VIX team to provide clarifications and take corrective actions, the concerns remained unresolved. Additionally, VIX Coin was found to fall short of meeting Bithumb's transaction support criteria. The exchange considers factors such as trading volume, liquidity, and user interest when evaluating coins for listing and delisting. VIX Coin's performance in these areas did not meet the required standards. The delisting will take effect on January 13th, 2023, at 3 PM (KST). VIX Coin trading pairs will be removed from the exchange at that time. Users holding VIX Coins are advised to withdraw their funds before the delisting date. Bithumb's decision to delist VIX Coin is a reminder of the importance of thorough due diligence and adherence to listing standards for cryptocurrency exchanges. It also highlights the exchange's commitment to protecting its users and maintaining a safe and reliable trading environment.