Upbit Suspends FLOW Deposits and Withdrawals, DAXA Issues Trading Risk Warning for Flow

BlockBeats News, December 27th. South Korean cryptocurrency exchange Upbit announced that due to signs of a security incident on the Flow (FLOW) mainnet, deposits and withdrawals of FLOW have been temporarily suspended starting from December 27th as a user protection measure. The resumption time will be notified separately.

On the same day, the Digital Asset Exchange Association of Korea (DAXA) decided to issue a "Trading Risk Warning" for FLOW. DAXA stated that signs of a security issue on the Flow mainnet have been confirmed, and depending on the progress of the investigation, further measures such as designating the trading caution target or terminating trading support may be taken in the future.