TechFlow reports, according to an official announcement, Upbit has decided to suspend deposits and withdrawals of digital assets exceeding 1 million KRW via Delio and Btrade, in order to protect users and prevent incidents following issues identified during regular and ad-hoc risk assessments.
Deposits made via Delio and Btrade prior to the suspension will be credited after completion of the deposit source verification process, while deposits made after the suspension will be refunded.
Upbit stated this measure is intended to ensure fund security and prevent money laundering.
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