KuCoin Announces Delisting of Polyhedra Network (ZK), Supports zkSync

KuCoin Exchange announces it will delist Polyhedra Network (ZK), indicating a move to support zkSync with the token code ZK.

Kucoin Announces Delisting Of Polyhedra Network (zk) Supports Zksync

According to the latest announcement, KuCoin Convert will delist Polyhedra (ZK) at 8:00 on May 31, 2024 (UTC). After this time, users will not be able to trade this token on the KuCoin Convert platform.

Additionally, KuCoin also announced that the Margin trading, borrowing, and lending services for the ZK/USDT pair will be closed at 2:00 on June 3, 2024 (UTC). Transfer functions to Isolated Margin accounts related to ZK, as well as loan repayments, will also cease.

Kucoin

However, Polyhedra’s ZK token can still be traded on the KuCoin Spot Trading service. This has led the community to speculate that KuCoin may be preparing to list zkSync and change Polyhedra’s ZK token to a different code.

Recently, there has been controversy between the Polyhedra Network and zkSync projects as both use the ZK ticker for their tokens.

Related: ZkSync Airdrop Speculation Heats Up for Mid-June Launch

ByBit Announces Token Code Change for Polyhedra Network (ZK)

The issue began when Bybit announced the listing of zkSync’s token with the ZK ticker, while Polyhedra’s ZK token had been listed two months prior. To avoid the situation of “one ticker, two projects,” Bybit decided to change the ticker code for Polyhedra’s token.

Bybit announced:

  • Commitment to Trading Experience: This ticker code change does not affect users’ existing assets of the Polyhedra Network. Polyhedra Network tokens remain safe and secure on Bybit.
  • Continued Support for Polyhedra: Bybit continues to strongly support the Polyhedra Network project and their community.
  • New Token Code Details: Information about the new symbol code and effective change date will be updated soon.

Polyhedra Network’s Reaction

Polyhedra expressed frustration at having to change their token code because of zkSync. In a post on X, they accused zkSync of being “thieves” and “name snatchers”:

It is unbelievable that in 2024, there are still projects that ‘bribe’ and steal the legal token codes of others. Web3 has never been a place to tolerate bullying behavior.

Polyhedra believes that the community will stand up to defend fairness and justice, while zkSync has not yet responded to this incident.

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