South Korea to permit crypto withdrawal freezes during hacking threats
Summary
South Korea will allow digital asset platforms to temporarily halt customer withdrawals during active cyber threats. This regulatory update comes in response to recent security breaches and precautionary service suspensions at local cryptocurrency exchanges.
The move follows recent security incidents involving South Korean crypto exchanges, including GOPAX’s precautionary suspension of services and a $70,000 hot-wallet breach at Prabang.
Source: Read the full story at Cointelegraph.com News
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