Upbit Suspends FLOW Deposits and Withdrawals, DAXA Issues Trading Risk Alert

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On December 27, 2025, Upbit halted FLOW deposits and withdrawals citing on-chain news of a potential security incident on the Flow mainnet. The South Korean exchange cited user protection as the reason, with no timeline for resumption. On the same day, DAXA issued a crypto scam alert and trading risk notice for FLOW, citing similar concerns. The association warned it may restrict trading or delist FLOW depending on the investigation.
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