Bithumb, a major South Korean cryptocurrency exchange, has designated Elixir (ELX) as an investment caution item. This designation signals potential risks associated with the token and serves as a warning to investors. The exchange stated the decision stemmed from a comprehensive review of ELX's business viability, sustainability, utility, and overall function. Bithumb cited concerns regarding potential harm to users as the primary reason for the investment caution designation. This suggests possible issues with the token's long-term prospects or operational stability. Investors holding ELX should exercise caution and conduct thorough research before making any further investment decisions. Bithumb's alert highlights the importance of due diligence in the volatile cryptocurrency market. The exchange will likely monitor ELX closely and may take further action depending on future developments. ```