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South Korea Allowing Crypto Exchanges to Freeze Withdrawals on Suspicion of Hacking

South Korea's Financial Services Commission plans to allow cryptocurrency exchanges to suspend deposits and withdrawals when hacking is suspected, without waiting for a confirmed breach. This change could give exchanges more time to respond to potential attacks, but it also raises concerns about the potential for convenience over security in the event of a breach.

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South Korea Allowing Crypto Exchanges to Freeze Withdrawals on Suspici · Coin News Pot