According to the official announcement, Bithumb stated that according to the "Policy for the Designation of Prudent Investment Projects for Virtual Assets", it will terminate RLY trading support at 15:00 local time on November 25, 2024, and support withdrawals within 30 days after the end date of trading support.
Earlier news, Bithumb stated that according to the "Policy for the Designation of Prudent Investment Projects for Virtual Assets", Rally (RLY) was designated as a cautious investment project and its recharge will be suspended at 13:00 local time on September 24.
This decision was made because some of the materials prepared by the issuer or operator of RLY to explain important matters related to the virtual asset could not be confirmed. In addition, the virtual asset has insufficient technical support and the project's operating performance is poorly judged.