South Korea to permit crypto withdrawal freezes during hacking threats
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.
Archive context
Fresh in the current trading session.
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.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
South Korea lets crypto exchanges freeze withdrawals on suspicion of hacking
South Korea's proactive crypto measures could enhance security but may also challenge exchanges with liquidity issues and operatio...
Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies
Binance announced Tuesday that it is refusing to move money to or from the crypto exchange MEXC and its affiliated companies. The...
Suiball Cancels Hardware Wallet Launch and Refunds Preorders in USDC After Security Review
Key Takeaways: Suiball is shutting down, yet its initial batch of hardware wallets has yet to reach its customers. Approximately 8...
MSCI Removes Strategy (MSTR) From Its USA Index, Forcing Index Funds to Sell by Nov. 30
Bitcoin Magazine MSCI Removes Strategy (MSTR) From Its USA Index, Forcing Index Funds to Sell by Nov. 30 MSCI will remove Strategy...
Why Bitcoin, Nasdaq, AI Stocks, and Chips Move Together? The Liquidity Machine Explained
Bitcoin can fall alongside Nvidia, and Nasdaq can rally while Ethereum follows. Semiconductor stocks can plunge as investors reass...
LNbits Issues Urgent v1.7.0 Security Update After Bitcoin Lightning Wallet Losses
Key Takeaways: All users of LNbits are advised to upgrade to v1.7.0 as this is an urgent security update. Ben Arc, the creator of...