Court suspends effect of Coinone business suspension… following Upbit and Bithumb
The court 2026 year 5 month 29 day ruled to suspend the effect of the financial authorities’ partial business suspension order against Coinone. The same ruling had previously been issued for Upbit and Bithumb. Coinone also disclosed on the same day that Korea Investment & Securities and OKX Ventures jointly 3 became major shareholders.
The court 2026 year 5 month 29 day ruled to suspend the effect of the partial business suspension order imposed on Coinone by the financial authorities. This follows the same course as the court’s earlier decisions to suspend the effect of orders against Upbit and Bithumb. The court’s decision is described as halting enforcement of the order.
The financial authorities had imposed partial business suspension orders over issues including exchanges’ compliance. The orders are understood to involve suspending Korean won deposits and withdrawals or some services. The court decided to temporarily halt enforcement of the orders.
Coinone also disclosed a change in its shareholding structure on the same day. Korea Investment & Securities and OKX Ventures participated as strategic investors and became joint 3 major shareholders. The company issued a disclosure related to the investment.
Upbit has introduced a new chart indicator in Datalab for a comprehensive assessment of the digital asset market. The indicator was announced as being intended to provide an at-a-glance view of market trends. Datalab made the relevant indicator public and distributed explanatory materials.
This series of court decisions and investment disclosures shows changes in the operating environment for the virtual asset exchange industry. Each exchange is informing the public of the situation through court decisions and internal disclosures. Further announcements from the relevant authorities and exchanges are expected to follow.