PolicyLow

South Korea lets exchanges freeze funds early on suspected hacks

South Korea's FSC will issue a no-action letter allowing exchanges to halt deposits and withdrawals at the first sign of a hack.

What we know

CoinDesk reports the FSC will protect exchanges from sanctions for acting before a breach is confirmed.

Sources

@CoinDesk

“South Korea's FSC will allow crypto exchanges to freeze deposits and withdrawals at the first sign of a hack”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.