On December 27th, the Korea Digital Asset Exchange Association (DAXA) issued an important risk warning, indicating that multiple security vulnerabilities have been identified in the Flow (FLOW) mainnet. This joint warning reflects Korea’s industry mechanism for real-time monitoring of trading risks—once a critical coin encounters issues, multiple exchanges will respond swiftly and initiate risk control procedures.
Exchanges Respond Quickly, Suspend FLOW Deposits and Withdrawals
Following the warning, a well-known exchange also announced measures to address the situation, deciding to suspend FLOW deposits and withdrawals starting December 27th. The exchange emphasized in its announcement that this is to prevent potential user asset risks caused by security issues in the Flow mainnet. The resumption of related services will be announced separately once the mainnet issues are fully resolved.
Industry Coordination Demonstrates Risk Control Commitment
DAXA’s joint warning is not just a risk alert; it will also consider further measures based on the progress of the Flow mainnet security investigation, such as designating trading caution targets or directly terminating trading support. This three-tier approach of warning—suspension—further regulation showcases Korea’s systematic approach to user protection. The signs of security incidents on the Flow mainnet have already been confirmed, which means users holding FLOW should closely monitor subsequent developments and the latest notices from various exchanges.
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Flow Mainnet Security Risk Upgrade, Korean Exchanges Issue Joint Warning
On December 27th, the Korea Digital Asset Exchange Association (DAXA) issued an important risk warning, indicating that multiple security vulnerabilities have been identified in the Flow (FLOW) mainnet. This joint warning reflects Korea’s industry mechanism for real-time monitoring of trading risks—once a critical coin encounters issues, multiple exchanges will respond swiftly and initiate risk control procedures.
Exchanges Respond Quickly, Suspend FLOW Deposits and Withdrawals
Following the warning, a well-known exchange also announced measures to address the situation, deciding to suspend FLOW deposits and withdrawals starting December 27th. The exchange emphasized in its announcement that this is to prevent potential user asset risks caused by security issues in the Flow mainnet. The resumption of related services will be announced separately once the mainnet issues are fully resolved.
Industry Coordination Demonstrates Risk Control Commitment
DAXA’s joint warning is not just a risk alert; it will also consider further measures based on the progress of the Flow mainnet security investigation, such as designating trading caution targets or directly terminating trading support. This three-tier approach of warning—suspension—further regulation showcases Korea’s systematic approach to user protection. The signs of security incidents on the Flow mainnet have already been confirmed, which means users holding FLOW should closely monitor subsequent developments and the latest notices from various exchanges.