#数字资产市场动态 Flow Mainnet Security Vulnerability Sparks Alerts in South Korea

On December 27th, South Korea’s leading trading platform Upbit suddenly announced a notice — due to detected abnormal security signs on the Flow mainnet, in order to effectively protect user assets, the entry channel for the FLOW token has been temporarily closed. When it will be restored depends on the progress of mainnet repairs.

A risk warning followed shortly after. The Korea Digital Asset Exchange Alliance (DAXA) promptly responded, officially issuing an investment risk alert for Flow to users. This industry organization stated that security issues on the Flow mainnet have been confirmed, and they will continue to monitor developments. At that time, FLOW may be listed as a "trading caution target," and if the situation worsens, the token could be delisted directly.

The impact on the market was quite direct — FLOW’s price plummeted instantly, with a short-term decline approaching 40%. This once again underscores a well-known fact: once a foundational blockchain network encounters security vulnerabilities, the impact on the token’s price can be devastating.

A brief introduction to Flow: it is a public chain built specifically for gaming, applications, and digital asset ecosystems, with FLOW being the native token of this chain. From this incident, it appears that the development team needs to come up with a solution quickly; otherwise, more exchanges may follow with restrictions. The market will continue to watch the development of this situation.