Upbit Places EGLD Under Review Following MultiversX Mainnet Exploit

Key Facts

1South Korean exchange Upbit placed EGLD under formal trading review following a mainnet security incident.

2The security incident forced the MultiversX mainnet to stop progressing.

In a move highlighting the heightened sensitivity toward decentralized network security, South Korean exchange Upbit has placed the EGLD token under a formal trading review. This decision follows a security incident on the MultiversX mainnet that forced the network to stop progressing and processing transactions. According to reports, the breach compromised the network's stability, leading major trading venues to implement precautionary measures to safeguard user assets.

The pressure on MultiversX comes amid broader concerns regarding the operational integrity of digital assets affected by technical exploits, as Upbit's review seeks to assess the ongoing risks associated with the token. Per market data, mainnet halts typically result in the suspension of deposits and withdrawals, significantly increasing liquidity risks for holders. Markets are currently monitoring the MultiversX technical team's ability to patch the vulnerability and restore normal chain operations.

Based on data as of September 21, 2026, specific price levels for EGLD are currently unavailable due to the disruption in trading services. Investors should watch for official updates from MultiversX regarding the resumption of mainnet activity and the final verdict from Upbit's review process. Additionally, global markets are awaiting key economic catalysts, such as the upcoming UK inflation rate data, which may influence overall risk sentiment in the digital asset space.