Upbit and Bithumb Designate The Sandbox as Investment

South Korea's two largest crypto exchanges, Upbit and Bithumb, have flagged The Sandbox (SAND) with an investment warning designation following unresolved security concerns tied to the project. Both platforms applied the caution label independently, signaling shared reservations about the token's current risk profile. A formal review is scheduled for late September, which could determine whether the designation persists or is lifted pending resolution of the underlying issues.

The investment warning places SAND in a restricted category that typically alerts traders to elevated risks rather than outright delisting it. For users on these exchanges, the designation serves as a regulatory safeguard, though it may limit visibility or trading activity depending on platform-specific policies around cautioned assets.

• Upbit and Bithumb synchronized their decision to warn investors about SAND, citing unresolved security incidents as the primary concern.
• A review checkpoint in late September will determine the asset's status going forward based on whether The Sandbox addresses the flagged issues.
• Investment warning designations are distinct from delistings and typically function as risk alerts rather than trading prohibitions.