Upbit, Bithumb, and Coinone, South Korea’s leading cryptocurrency exchanges, announced that they have added the DRIFT token to their delisting watchlist. The simultaneous decision by these three major exchanges is attracting attention from the market.
The exchange said this action was taken after hacking and unusual asset leaks were detected within the protocol. Officials stressed that the problem is not limited to price fluctuations and can directly impact the project’s technical infrastructure.
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According to the report, the issue is related to a series of technical glitches affecting the DRIFT token itself, the wallets managed by the issuing team, or the distributed ledger (blockchain) structure in which the token is created and stored. This situation prompted exchanges to take swift action due to concerns about potential security risks for investors.
Assets placed on the List Exclusion Watchlist will be closely monitored for a specific period of time and may be permanently removed from the platform if the project does not show improvement during this period. Experts note that such developments could cause significant price pressure on the tokens in question.
Investors are advised to exercise caution when trading this asset and closely monitor new announcements from exchanges. The outcome of the process is determined by how quickly the project resolves technical issues.
*This is not investment advice.
