Upbit suspends FLOW deposits and withdrawals, DAXA issues trading risk warning for FLOW

The South Korean cryptocurrency exchange Upbit announced that due to signs of a security incident on the Flow (FLOW) mainnet, it has temporarily suspended deposits and withdrawals of FLOW since December 27 as a user protection measure. The recovery time will be notified separately.

On the same day, the Digital Asset Exchange Association (DAXA) in South Korea decided to issue a "trading risk warning" for FLOW. DAXA stated that it has confirmed signs of security issues on the Flow mainnet and does not rule out taking further measures such as designating trading caution targets or terminating trading support based on the progress of the investigation.