Crypto Exchange Upbit Sets Withdrawal Delay in Bid to Tackle Fraudsters
The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.
Speaking at CoinDesk's Consensus, the CEO of Upbit's parent company said the exchange was looking to expand into Southeast Asia.
The Upbit operator plans to set up a unit to help prevent fraud and assist victims of crypto crime, among other things.
At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.
Blockstack's STX token is benefiting from altcoin season – and a listing on a South Korean cryptocurrency exchange.
The tool is aimed at helping traders make better decisions based on market sentiment.