Press Enter to search · ESC to close

Crypto

Upbit Flags SAND, Halts Deposits/Withdrawals

Upbit has placed SAND of The Sandbox under a trading caution designation, suspending deposit and withdrawal services. The Sandbox confirmed a cross-chain bridge vulnerability on August 22, affecting Base and BSC networks, and has paused cross-chain functionality.

Original source

AI take

This is a venue-level risk action, not a token-level failure: Upbit's caution tag and deposit/withdrawal halt follow a bridge vulnerability that The Sandbox itself has acknowledged and contained by pausing cross-chain transfers. The practical effect is that SAND holders on Upbit face restricted movement while the underlying issue sits in bridging infrastructure shared with Base and BSC, not in the token contract. The open question is how quickly cross-chain functionality is restored and whether other exchanges mirror Upbit's caution designation.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback