Upbit designated Initia (INIT) an asset under trading caution because of security concerns, according to an October 26 BlockBeats report citing an official notice.
Deposits and withdrawals remain paused
The report said INIT deposits and withdrawals were already suspended. When services resume, withdrawals will be restored first; the exchange will announce deposit arrangements separately.
Upbit cited security incidents with unexplained causes or unresolved issues as grounds for the designation, according to the report. The flash provided no timetable for restoring the funding services.
Source: BlockBeats, 2026-10-26 05:04:01 UTC.