Upbit and Bithumb announced today that they would remove the SAND“Trading Precautions” label
BIBIBI
AT A GLANCE
Upbit and Bithumb announced the removal of the SAND trading precaution label; at the time of reporting,SAND’s 24-hour gain was 53.52%。
Article
Upbit and Bithumb announced today that they would remove the SAND“Trading Precautions” label
BlockBeats news,October 2, according to announcements from South Korean trading platforms, Upbit and Bithumb both announced today that they would remove the SAND“Trading Precautions” label.
Previously,SAND was placed on the trading caution list on both platforms due to a security incident on August 24. Subsequently, Upbit and Bithumb reviewed the incident explanation and follow-up measures submitted by the project team and determined that the reasons for the previous trading precaution designation had been eliminated, and therefore removed the relevant trading precautions.
According to HTX market data,SAND was last quoted at 0.067777 USD，24-hour gain of 53.52%，24-hour high of 0.073469 USD.
Original link https://m.theblockbeats.info/flash/370082
Key points
01
BlockBeats reported that, according to announcements from South Korean trading platforms, Upbit and Bithumb October 2 announced today that they would remove the SAND“Trading Precautions” label.
02
SAND Due to a security incident,August 24 was placed on the trading caution list on Upbit and Bithumb.
03
Upbit and Bithumb reviewed the incident explanation and follow-up measures submitted by the project team and determined that the original reasons for the designation had been eliminated.
04
According to HTX market data,SAND was last quoted at 0.067777 USD，24-hour gain of 53.52%，24-hour high of 0.073469 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The “Trading Precautions” label indicates that a trading platform is warning users to pay attention to the risks associated with the relevant asset. The report said that after reviewing the project team’s materials, the two platforms determined that the reasons for its previous inclusion on the caution list had been eliminated and therefore removed the label. Concurrent market data showed that SAND’s price had risen sharply, but the report provided data only for a specific point in time.
Why it matters to readers
The removal of the risk warning will change SAND’s risk-marking status on the two platforms; meanwhile, the 53.52%gain reported indicates that its price was highly volatile at the time.
Beginners should distinguish between a platform’s removal of a risk label and the asset itself being completely risk-free. A high short-term gain also indicates that the price may be highly volatile, and the price at the time of reporting does not mean it will remain at that level afterward.
Risks and unknowns
The original article did not include direct links to Upbit’s and Bithumb’s announcements, so the full announcements cannot be verified based solely on the material.
The specific details, losses, and response measures related to the security incident were not disclosed.
It cannot be confirmed that there is a causal relationship between the removal of the label and SAND’s price increase.
The market data represents only the time of reporting; subsequent prices are unknown.
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Related concepts
Trading Precautions
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