Bithumb Warns of Potential ELX Risk: Secure your Digital Assets

South Korean cryptocurrency exchange, Bithumb, has issued a critical investment warning for all users, urging caution concerning the Elixir (ELX) token and stablecoin, deUSD. Concerns are stemming from volatile price swings in the deUSD coin and an abrupt suspension of its issuance and redemption services by the Elixir project. Bithumb’s warning highlights the importance of investor protection during market fluctuations.