In line with Binance market information, FLOW token confronted sturdy promoting stress right now.
The token worth fell from $0.17 to $0.079 throughout the day and is at the moment buying and selling at $0.10 on the time of writing. Due to this fact, FLOW misplaced 42.61% of its worth previously 24 hours.
The chart exhibits a decline within the worth of FLOW.
Following the value drop, the Movement Basis introduced that it’s investigating a possible safety incident affecting the Movement community. The inspiration stated its engineering workforce is actively working with community companions to mitigate the influence of the problem, and new info will probably be shared as it’s verified.
In response to those developments, South Korea-based cryptocurrency exchanges Upbit and Bithumb have briefly suspended deposits and withdrawals of FLOW tokens. In the meantime, the Korea Digital Asset Trade Affiliation (DAXA) has issued a “transaction danger warning'' in opposition to FLOW.
Upbit has introduced that its Movement (FLOW) token has been positioned on “warning” by exchanges which can be members of the Digital Asset Trade Joint Advisory Committee (DAXA). The assertion indicated that findings suggesting a safety subject had occurred on the Movement mainnet have been detected right now.
Upbit emphasised that DAXA member exchanges might take actions to guard customers, akin to issuing warnings, including platforms to the buying and selling alert checklist, or ending buying and selling help. It additionally identified that processes associated to FLOW are intently monitored, market situations are repeatedly evaluated, and customers are rapidly knowledgeable and assisted in any harmful conditions that require consideration.
*This isn’t funding recommendation.
