South Korean cryptocurrency exchange Bithumb has announced the delisting of Cortex (CTXC) tokens, sparking concern for investors worldwide. The decision comes following a thorough review process that identified significant concerns regarding the project’s long-term viability. Why is Bithumb Delisting Cortex? Bithumb cited several red flags during their usual project evaluations, including inadequate explanations from the Cortex foundation about investment warnings and an overall lack of transparency in key areas: * Project Disclosure Transparency * Business Model Sustainability * Long-Term Development Viability Following this assessment, the delisting decision will be effective at 6:00 a.m. UTC on December 29th. This means CTXC tokens will become inaccessible for trading after this date, and users are advised to take immediate action. **What Investors Need to Know: **For investors holding CTXC on Bithumb, it’s crucial to act quickly. Bithumb has provided clear guidelines on steps that should be taken before the deadline: * Withdraw your CTXC tokens from the platform to a private wallet * Transfer tokens to another compatible exchange for trading * Sell holdings before the delisting date After December 29th, trading pairs will become unavailable, potentially leading to loss of access to funds. **Protecting Your Investments:** This situation highlights the importance of responsible cryptocurrency investment and emphasizes the need for due diligence: * Regularly monitor exchange announcements * Diversify across multiple exchanges * Use hardware wallets for long-term storage * Stay informed about project developments The Cortex delisting serves as a valuable lesson for both investors and the industry at large. While this particular situation is concerning, it demonstrates how reputable exchanges maintain high standards to safeguard users. **What Next for Cortex? ** The future of the Cortex project remains uncertain following Bithumb’s decision. However, the token continues trading on other exchanges, though the delisting could impact market perception and liquidity. Investors should stay tuned for official responses from the Cortex team and monitor if other exchanges follow Bithumb’s lead. **Key Takeaways:** This event underscores the importance of exchange due diligence and project transparency. The Cortex delisting serves as a valuable case study for the cryptocurrency community, highlighting that even established projects must maintain high standards to secure continued support from exchanges. **How can investors stay informed?** For those impacted by this development, here are some key resources: * Follow official exchange social media channels * Enable notification settings for exchange announcements * Regularly check their announcement pages This situation serves as a reminder of the risks involved in cryptocurrency investment, and it is crucial to make informed decisions. Share This:** This article can help other investors stay informed about critical developments and protect their investments.