South Korea's leading cryptocurrency exchange Bithumb recently issued a risk warning, and AI16Z has been placed on the monitoring list by DAXA, an industry self-regulatory organization. According to the notice, the project has deficiencies in information disclosure—key developments related to the token's value were not promptly disclosed, indicating a lack of transparency and necessity. Market participants should pay attention to subsequent disclosures and rectification efforts, which also reflect Korea's cautious attitude toward project governance. Similar regulatory actions are not uncommon in the Web3 ecosystem, and the standardization of project information disclosure is increasingly being emphasized.