Upbit suspends FLOW deposits and withdrawals; DAXA issues transaction risk warning for Flow.

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Upbit has temporarily suspended FLOW deposits and withdrawals due to security concerns on the Flow mainnet, while DAXA issued a trading risk warning and may take further actions based on investigation outcomes.

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FlowSEC Security TokenLayer 1UpbitFLOWDAXAsecurity incidentcryptocurrency exchange

[Upbit Suspends FLOW Deposits and Withdrawals, DAXA Issues Trading Risk Warning for Flow] According to Mars Finance, on December 27th, South Korean cryptocurrency exchange Upbit announced that due to signs of a security incident on the Flow (FLOW) mainnet, it has temporarily suspended FLOW deposits and withdrawals starting December 27th as a user protection measure. The resumption time will be announced separately. On the same day, the Korea Digital Asset Exchange Consortium (DAXA) 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 it as a risky trading target or terminating trading support, depending on the progress of the investigation.

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