Upbit to delist BONK on Sept 7 over security and disclosure issues, halting trading but allowing withdrawals until Oct 7.

South Korean crypto exchange Upbit will delist the meme coin BONK from its BONK/KRW and BONK/USDT markets on September 7 due to unresolved security concerns and inadequate disclosure by the project. Trading will end at 15:00 KST on that day, but users can withdraw BONK tokens until October 7, providing a 30-day window to transfer holdings elsewhere. BONK's price has dropped sharply, falling over 30% in the past month and trading about 95% below its November 2024 peak. The delisting removes BONK from one of South Korea's largest retail markets, potentially reducing local liquidity and signaling caution to investors.