UPBIT has announced that PLAYDAPP (PLA) has been designated as a cautionary stock by the Digital Asset Exchange Association (DAXA) due to contract security issues. This measure is taken to protect investors as the PLAYDAPP Foundation has lost administrative privileges over the contract. This decision comes after PLAYDAPP suffered a hacker attack resulting in a loss of 31 million USD.

Wu learned that Upbit has issued an announcement stating that PlayDapp (PLA) has been designated as a cautionary stock by the Digital Asset Exchange Association (DAXA). Upbit has confirmed that due to security issues in the PlayDapp (PLA) token contract, the foundation has lost administrative privileges over the contract. Upbit has designated PlayDapp (PLA) as a cautionary stock in order to protect investors. Previously, on February 10th, the blockchain gaming platform PlayDapp suffered a hacker attack, resulting in a loss of $31 million.

UPBIT has designated PLAYDAPP as a warning stock due to contract security issues.