South Korea to Allow Crypto Withdrawal Freezes During Hacking Threats

The move gives South Korean exchanges a formal tool to stop outflows before a suspected breach becomes a full drain, a meaningful shift for an industry where the standard response has been reactive. It affects domestic platforms and their users most directly, since a withdrawal freeze can protect funds but also temporarily trap customer assets. The open question is how tightly the trigger for a 'hacking threat' is defined, and whether exchanges can invoke freezes without creating the kind of service disruption GOPAX's precautionary suspension already showed.