Dear CoinW users:
Due to the sanction risk associated with the Tornado Cash (TORN) project, and to ensure a high-quality investment selection for our users while maintaining market integrity, CoinW will delist the TORN coin on October 24, 2023, at 7:00 (UTC). At that time, the TORN/USDT trading pair will be closed. The specific schedule is as follows:
Closing time for deposit: 2023/10/24 7:00(UTC)
Closing time for trading: 2023/10/24 7:00(UTC)
Closing time for withdrawal: 2023/11/23 7:00(UTC)
Please cancel the pending order before the transaction is closed. Suppose you do not cancel the order after TORN is delisted. In that case, the pending order system will automatically cancel the order for you, and the relevant assets will be returned to your account. Please complete the asset replacement or withdrawal operation within the above deadline. After delisting, the platform will retain the withdrawal function for 30 days. Please be sure to complete the withdrawal within the specified time.
CoinW will delist TORN 4L and TORN 4S ETF Products on 2023/10/24 at 7:00(UTC). then close TORN 4L/USDT、TORN 4S/USDT trading pairs.
Users who hold positions in related products are requested to close their positions before they are delisted, and users who have yet to close their positions will be settled uniformly after delisting.
Regarding asset settlement of related ETF products:
For users who do not voluntarily close their positions after delisting, CoinW will conduct a unified settlement for all TORN 4L、TORN 4S ETF position holders after the suspension of trading. Asset settlement will be settled according to the net value of the corresponding ETF product when it is delisted.
Settlement formula: settlement assets = Positions * net value at the time of delisting
Settlement assets less than 0.001 USDT will not be included in the distribution.
The settlement assets will be airdropped to the holding user's asset account in the form of USDT within 3 working days. Thank you for your support to CoinW!
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