Upbit issues caution advisory on L1 Flow after price drops sharply amid security concerns
Upbit issued a caution advisory for FLOW following a potential security incident on the Flow network, causing a sharp price drop.Summary
South Korean crypto exchange Upbit issued a caution advisory for the Flow (FLOW) token after the Flow Foundation reported investigating a potential security incident on its mainnet. The Flow Foundation confirmed its engineering teams are actively working with partners to mitigate the issue and will provide verified updates. In response, Upbit stated it is reviewing the situation and may implement protective measures, including warnings, trading restrictions, or delisting if necessary, urging current FLOW holders to exercise caution. This advisory coincided with a significant selloff in FLOW, which plummeted from over $0.17 to around $0.1, marking its lowest price since launch, contrasting sharply with its historical peak of $42.
(Source：Crypto Briefing)