Security· ★★★★· bearish·

Upbit flags EGLD after MultiversX mainnet exploit attempt

  • —Upbit flagged EGLD pairs on Sept. 21, with a decision expected between Oct. 19 and 23
  • —Bithumb, Kraken and Coinbase restricted EGLD operations after the network halt on Sept. 19
  • —EGLD fell from $4.14 on Sept. 18 to $3.78 on Sept. 20 as volume rose from $3.35M to $10.18M
  • —MultiversX is testing a fix via shadow fork with no firm restart deadline
Why it matters: A possible Upbit trading suspension and the halted network pressure EGLD price and liquidity until the security review concludes.
#EGLD
Source: Cryptonews.net
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