Upbit issued an investment warning on SAND token.
Regulation & Gov ·
Upbit, a South Korean exchange, issued an investment warning regarding SAND, the token associated with The Sandbox metaverse platform. The notice was published in the exchange's service center and signals heightened regulatory or market risk scrutiny directed at the asset.
Investment warnings from major exchanges typically precede delisting decisions or reflect concerns about token volatility, regulatory exposure, or issuer compliance. The exact grounds for Upbit's warning were not detailed in the announcement itself, leaving the specific trigger—whether regulatory pressure, project-level issues, or exchange policy—unclear.
No timeline for further action has been specified. It remains unknown whether the warning represents a preliminary step toward delisting, a temporary measure pending clarification, or a response to broader scrutiny of gaming and metaverse tokens in South Korea's regulatory environment.