Upbit, South Korea's largest crypto exchange, announced that it has suspended its service for withdrawals exceeding 1 mln won ($721).
The reason for the suspension is the termination of partnership with virtual service provider Ten&Ten, which ensures the ability to withdraw assets above the specified amount for Korean crypto exchanges.
Transactions via Ten&Ten have been halted since April 15, 2024, and all users have until April 22 this year to withdraw their assets.
