For this ZIL announcement, first separate “listed for delisting” from “already stopped trading.”
Upbit announced at 15:30 Beijing time on October 16 that it plans to end support for ZIL/KRW and ZIL/BTC trading at 14:00 on November 16, $ZIL , and any unfilled buy or sell orders related to these pairs will be canceled at that time. The official notice states 15:00 Korea time, which becomes 14:00 Beijing time, so don’t mix up the time zones.
According to Upbit, after ZIL was placed under a trading warning on July 22 and further review was conducted, the original reason for the warning had not been resolved, so a decision was made to terminate support. The announcement mentioned considerations related to security incidents and potential user harm. This is the exchange’s review conclusion, and it should not be directly expanded into “another hacking incident happened today.”
As of the Binance spot snapshot at 2026-10-16 16:38 Beijing time, ZIL was at 0.002740 USDT, down 13.81% over the rolling 24 hours. Also, looking at the closed 15:00 to 16:00 hourly candlestick, the decline was 21.94%. These two numbers correspond to different starting points and time windows, so they are not contradictory; nor can the entire drop be attributed to this announcement simply because the timing is close.
What I care more about is the actual arrangement afterward: Upbit’s announcement lists withdrawal support until December 16, but when withdrawing, you still need to check the platform’s conditions, the recipient, and the network. This time it is only about Upbit-related trading pair support, and it should not be generalized into all exchanges stopping trading on the same day.
Binance spot market/trading page, judge for yourself:
https://www.binance.com/zh-CN/trade/ZIL_USDT?type=spot
AI-assisted compilation
For information exchange only, not investment advice
Upbit announced at 15:30 Beijing time on October 16 that it plans to end support for ZIL/KRW and ZIL/BTC trading at 14:00 on November 16, $ZIL , and any unfilled buy or sell orders related to these pairs will be canceled at that time. The official notice states 15:00 Korea time, which becomes 14:00 Beijing time, so don’t mix up the time zones.
According to Upbit, after ZIL was placed under a trading warning on July 22 and further review was conducted, the original reason for the warning had not been resolved, so a decision was made to terminate support. The announcement mentioned considerations related to security incidents and potential user harm. This is the exchange’s review conclusion, and it should not be directly expanded into “another hacking incident happened today.”
As of the Binance spot snapshot at 2026-10-16 16:38 Beijing time, ZIL was at 0.002740 USDT, down 13.81% over the rolling 24 hours. Also, looking at the closed 15:00 to 16:00 hourly candlestick, the decline was 21.94%. These two numbers correspond to different starting points and time windows, so they are not contradictory; nor can the entire drop be attributed to this announcement simply because the timing is close.
What I care more about is the actual arrangement afterward: Upbit’s announcement lists withdrawal support until December 16, but when withdrawing, you still need to check the platform’s conditions, the recipient, and the network. This time it is only about Upbit-related trading pair support, and it should not be generalized into all exchanges stopping trading on the same day.
Binance spot market/trading page, judge for yourself:
https://www.binance.com/zh-CN/trade/ZIL_USDT?type=spot
AI-assisted compilation
For information exchange only, not investment advice