Blocery (BLY) set for Bithumb delisting on Mar 30

BLY on Bithumb: watchlist, deposits suspended, not fully delisted

Bithumb placed Blocery (BLY) on its delisting watchlist and suspended BLY deposits on February 6, 2026 at 7:00 a.m. UTC, according to Coinness (https://coinness.com/en/news/1149062?utm_source=openai). A watchlist action signals additional review rather than an immediate removal. As of the latest available notice in the record, a final spot delisting has not been formally confirmed. Trading and withdrawals can remain available during evaluation, subject to change.

Separately, TechFlow News reported on February 26 that Bithumb announced it will discontinue trading support for BLY (https://www.techflowpost.com/en-US/newsletter/115173). That phrasing aligns with delisting outcomes, but a final effective timetable was not present in the materials reviewed here. The net result is a discrepancy between a confirmed watchlist/deposit suspension and an uncorroborated full removal. The environment reflects Korea’s compliance-focused market overseen by the Financial Services Commission.

What this means for BLY holders right now

For holders, deposit suspension means no new BLY can be credited to Bithumb while the review is ongoing. Existing balances typically remain accessible, and trading or withdrawals may continue unless a final decision states otherwise.

Liquidity conditions can shift quickly when a token is under review. Spreads can widen and order book depth can thin, increasing execution uncertainty.

If Bithumb proceeds to discontinue trading support, users usually face a defined trading cutoff and a later withdrawal deadline. Those specifics were not available in the source materials and would require an official notice.

Monitoring updates and typical delisting criteria in Korea

In South Korea, exchanges operate within a tightening regulatory framework shaped by the Financial Services Commission. Listing reviews often emphasize investor protection, disclosure quality, and operational risk controls.

Where to check official Bithumb and Blocery notices

The primary record for status changes resides on the exchange’s official noticeboard, including listing status and deposit/withdrawal announcements. Project-side disclosures from Blocery, such as website updates and social channels, typically address technical or roadmap issues relevant to reviews.

Common triggers: liquidity, transparency, security, regulatory compliance

Coverage has highlighted recurring triggers in Korean reviews, including low liquidity, insufficient disclosures, unresolved security or technical risks, and gaps in regulatory compliance. “Being on a watchlist is an early step, it doesn’t equal full delisting,” said MEXC News (https://www.mexc.com/en-NG/news/649487?utm_source=openai). The report notes that trading and withdrawals may remain active during evaluation, with outcomes depending on remedial steps and compliance checks.