The Traipse blockchain, linked to NFT initiatives esteem NBA High Shot alleged it is having a deem into a likely security incident affecting the network.
The functionality breach raised concerns about the network’s security. Its native token FLOW, has been straight away rocked as worry, uncertainty and doubt (FUD) have overtaken the venture’s merchants.
Why is Flow token down?
The announcement of the continuing investigation changed into made on myth of the Traipse Foundation became attentive to a likely security incident.
The engineering team is hard at work with network companions to establish effective response ideas.
The particular nature and extent of adjustments within the Traipse network also remain unconfirmed. As a precaution, stakeholders had been instructed to computer screen updates closely. As soon as verified, the team is anticipated to present extra bulletins that ingredient the cause and likely length of disruptions to the Traipse network.
Whereas the investigation is ongoing, speculation has continued.
As of December 27, 2025, Traipse (FLOW) is buying and selling at $0.11, down from $0.17, one of the most bottom levels the token has ever been. For context, the token changed into once valued at $42.
Contemporary buying and selling volume had also surged to $164.12 million, but all the procedure through the last 90 days, the token has skilled a 69.84% decline, in response to CoinMarketCap recordsdata.
Why did exchanges terminate Traipse token deposits and withdrawals?
On Saturday, after the venture flagged a likely security incident affecting its mainnet, crypto exchange Upbit issued a cautionary advisory for Traipse (FLOW).
In accordance with Upbit, the dispute of affairs is underneath overview, and there might maybe be a possibility for the exchange to elevate protective measures, including warnings, buying and selling restrictions, or ending make stronger if mandatory. Customers conserving FLOW are instructed to be cautious.
Hundreds of South Korean exchanges which have taken the same action to Upbit since the Traipse episode began consist of Bithumb, one among South Korea’s biggest platforms, which rapid halted FLOW deposits/withdrawals, and Coinone.
Their actions align under Digital Asset eXchange Alliance (DAXA), which also issued a buying and selling threat warning for FLOW. Whereas region buying and selling remained on hand on the aforementioned platforms, on-chain transfers had been paused to mitigate risks all the procedure through the investigation.
No predominant global exchanges reported the same suspensions. The response from South Korean exchanges gives better context on the enact of the worth drop. It is miles necessary to do now not put out of your mind that particular person balances on the exchanges are reported as safe and unaffected.
