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BitcoinWorld Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026 In a decisive move that impacts the Korean crypto market, Bithumb, a leading South Korean exchange, has announced it will delist Elixir (ELX). The trading halt is scheduled for 6:00 a.m. UTC on January 12, 2026. This action follows a comprehensive review where the exchange concluded the project no longer meets its stringent support criteria. […] This post Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026 first appeared on BitcoinWorld.BitcoinWorld Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026 In a decisive move that impacts the Korean crypto market, Bithumb, a leading South Korean exchange, has announced it will delist Elixir (ELX). The trading halt is scheduled for 6:00 a.m. UTC on January 12, 2026. This action follows a comprehensive review where the exchange concluded the project no longer meets its stringent support criteria. […] This post Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026 first appeared on BitcoinWorld.

Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026

2025/12/10 16:55

BitcoinWorld

Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026

In a decisive move that impacts the Korean crypto market, Bithumb, a leading South Korean exchange, has announced it will delist Elixir (ELX). The trading halt is scheduled for 6:00 a.m. UTC on January 12, 2026. This action follows a comprehensive review where the exchange concluded the project no longer meets its stringent support criteria. For ELX holders, this news requires immediate attention and understanding.

Why is Bithumb Delisting Elixir (ELX)?

The primary reason for the Bithumb delist Elixir decision stems from unresolved regulatory and project health concerns. Bithumb had previously flagged ELX with an ‘investment warning’ status. According to the official notice, the project’s foundation submitted materials that were deemed insufficient to resolve the underlying issues triggering that warning.

Furthermore, the exchange conducted a thorough evaluation of the project’s business progress. The review concluded that Elixir’s development and operational milestones failed to satisfy the benchmarks required for continued listing. This process highlights the increasing scrutiny exchanges apply to maintain market integrity.

What Does This Delisting Mean for ELX Investors?

If you hold ELX tokens on Bithumb, you must take specific actions before the deadline. The exchange will suspend all trading services for the ELX/KRW trading pair at the specified time. Therefore, you have a clear window to manage your assets.

Withdraw Your Tokens: You can withdraw your ELX tokens to a private, external wallet that supports the asset. Ensure you initiate this process well in advance of the cutoff.
Sell Before the Deadline: You may choose to sell your ELX for Korean Won (KRW) on Bithumb before trading stops. After delisting, this option will vanish on the platform.
Post-Delisting Access: After January 12, 2026, you will only be able to withdraw ELX; deposits and trading will be permanently disabled.

Proactive management is crucial to avoid losing access to your funds on the exchange.

How Do Exchanges Like Bithumb Make Delisting Decisions?

The decision to Bithumb delist Elixir is not taken lightly. Major exchanges employ rigorous criteria to protect users and ensure market quality. Common factors that trigger a review include:

Low trading volume and liquidity over an extended period.
Failure to meet technical standards or security audits.
Lack of meaningful project development or community engagement.
Regulatory or compliance issues, such as insufficient communication from the project team.

In this case, the ‘investment warning’ designation was a significant red flag. The project’s inability to provide satisfactory follow-up materials ultimately led to the final Bithumb delist Elixir verdict. This process, while tough, is essential for maintaining a trustworthy trading ecosystem.

What Are the Broader Implications for the Crypto Market?

This event is a stark reminder of the dynamic and regulated nature of cryptocurrency markets. Delistings from major platforms like Bithumb can significantly impact a token’s liquidity, accessibility, and perceived value. For the wider market, it underscores a trend towards greater accountability.

Exchanges are increasingly acting as gatekeepers, weeding out projects that do not demonstrate sustained viability or transparency. This can be seen as a positive step towards market maturation, protecting investors from potentially stagnant or problematic assets. However, it also demands that investors stay informed about the projects they support.

Actionable Insights for Crypto Traders

Facing a delisting can be unsettling. Here is a clear plan to navigate this situation:

Verify Official Channels: Always confirm news by checking the official Bithumb announcement page to avoid scams.
Act Promptly, Not Panicky: Use the given timeframe to make a calm, informed decision—whether to sell or withdraw.
Research Alternative Platforms: Check if ELX is listed on other reputable exchanges if you wish to continue holding.
Re-evaluate Your Investment Thesis: Use this event to reassess why you invested in the project and if the fundamentals have changed.

Remember, an exchange delisting does not necessarily mean the project is dead, but it is a powerful signal about its standing within a major trading venue.

Conclusion: Navigating Market Changes with Confidence

The announcement that Bithumb will delist Elixir serves as a critical lesson in cryptocurrency investment diligence. Exchanges are raising their standards, and projects must consistently prove their worth. For investors, this means prioritizing assets with strong fundamentals, active development, and transparent communication. By understanding the reasons behind such decisions and acting swiftly on official information, you can protect your portfolio and navigate the evolving crypto landscape with greater confidence. The key is to view regulatory and exchange actions not as mere obstacles, but as mechanisms that foster a healthier, more sustainable market for everyone involved.

Frequently Asked Questions (FAQs)

What happens to my ELX tokens after Bithumb delists them?

After the delisting on January 12, 2026, you will no longer be able to trade or deposit ELX on Bithumb. However, the withdrawal function will remain available for a limited period (typically several weeks, but check the official notice for the exact date). You must move your tokens to a private wallet before this withdrawal service ends.

Can I sell my ELX on Bithumb after the announcement?

Yes, but only until 6:00 a.m. UTC on January 12, 2026. The ELX/KRW trading pair will remain active until that exact time. It is advisable to complete any trades well before the deadline to avoid last-minute issues.

Why did Bithumb issue an ‘investment warning’ for ELX?

Exchanges issue investment warnings for various reasons, including concerns about a project’s liquidity, trading volume, development activity, or regulatory compliance. For ELX, Bithumb determined there were issues that warranted caution, and the project’s subsequent response was insufficient to remove that warning status.

Will Elixir (ELX) be available on other exchanges?

The Bithumb delisting is specific to that platform. ELX may still be traded on other cryptocurrency exchanges that continue to support it. You should research other trading venues if you plan to continue buying or selling the token.

Is my ELX investment lost because of this delisting?

Not necessarily. The delisting affects the token’s availability on one specific exchange. The underlying asset still exists on the blockchain. Its value will now be determined by its trading activity on other platforms and the overall health of the Elixir project itself.

How can I stay updated on similar exchange announcements?

The best practice is to regularly check the official ‘Notice’ or ‘Announcement’ sections of the cryptocurrency exchanges where you hold assets. Following reputable crypto news sources can also provide timely alerts about major market changes.

Found this guide on the Bithumb delist Elixir situation helpful? Navigating exchange decisions is key for every crypto investor. Help others stay informed by sharing this article on your social media channels like Twitter, Telegram, or Reddit. Your share could provide crucial clarity to a fellow trader facing this deadline.

To learn more about the latest cryptocurrency exchange trends, explore our article on key developments shaping market regulations and investor protection.

This post Critical Update: Bithumb to Delist Elixir (ELX) on January 12, 2026 first appeared on BitcoinWorld.

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The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…

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The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?

Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:

Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story