Sunday, March 8, 2026
HomeCryptocurrencyUpbit points warning advisory on L1 Move after value drops sharply amid...

Upbit points warning advisory on L1 Move after value drops sharply amid safety considerations


Key Takeaways

  • The Move Basis is investigating a possible safety breach affecting its community.
  • Main Korean crypto trade, Upbit, issued a cautionary advisory concerning the FLOW token following the incident.

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Crypto trade Upbit on Saturday issued a warning advisory for Move (FLOW), the layer 1 blockchain developed by Dapper Labs, after the challenge flagged a possible safety incident affecting its mainnet.

The Move Basis, together with its engineering groups and community companions, is investigating and addressing the difficulty, in response to their newest replace.

Upbit stated the scenario is beneath evaluation and the trade might take protecting measures, together with warnings, buying and selling restrictions, or ending assist if vital. Customers holding FLOW are urged to be cautious.

The announcement follows a pointy selloff in FLOW earlier right now. The asset fell from greater than $0.17 to about $0.1, its lowest stage since launch, in response to knowledge from CoinGecko. FLOW as soon as traded as excessive as $42 at its peak.

In the meantime, the crypto market continues to wrestle, with Bitcoin nonetheless unable to reclaim the $90,000 mark. Analysts stay cautious and see restricted upside within the close to time period.





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