Korea's top five cryptocurrency exchanges to operate ”withdrawal delay system” again... Voice phishing prevention

The five major cryptocurrency exchanges (Upbit, Bithumb, CoinOne, CoBit, and GoPAX) have announced that they will resume the "withdrawal delay system" that they had previously suspended or scaled down.
News 1 reported. The delayed withdrawal system for virtual currency refers to a system in which members can withdraw virtual currency after a certain period of time has passed after depositing won. New members
In the case of cryptocurrency, cryptocurrency can be withdrawn 72 hours after depositing won. The Digital Asset Exchange Joint Council (DAXA), which includes these exchanges, announced on the 24th that
All Korean won market exchanges announced that they would implement a withdrawal delay system starting from today in response to voice phishing attacks.
Until now, cryptocurrency exchanges have operated their own withdrawal delay systems. For this reason, some exchanges have implemented the delayed withdrawal system for the convenience of their customers.
However, voice phishing crimes exploiting this system have increased sharply. DAXA has consulted with financial authorities and
The company has prepared the standard terms and conditions for the delayed withdrawal system and has undergone preparations such as system improvements. As a result, all Korean won market exchanges will implement the standard delayed withdrawal system from this day onwards.
The standardized withdrawal delay system is as follows: △When the first deposit is made, there is a 72-hour limit on withdrawals of all virtual currencies. △When an additional deposit is made, there is a 24-hour limit on withdrawals of virtual currencies equivalent to the corresponding deposit.
DAXA Executive Vice Chairman Kim Jae-jin said, "This measure is an industry measure to prevent the digital asset market from being misused as a channel for voice phishing scams.
"DAXA will continue to take proactive and effective self-regulation measures to protect users and prevent market abuse," the company said.