In South Korea, over 33,000 crypto investors are locked out of approximately $13 million in assets due to the shutdown of several exchanges, as reported on October 14. Fourteen exchanges have closed or paused operations in line with new regulations under the Virtual Asset User Protection Act. Representative Kang Min-Kuk revealed that the situation could worsen, with around 30.7 billion won ($22 million) potentially tied up in temporarily halted platforms. Among the affected exchanges, Cashierest held the most assets at 13 billion won ($9.4 million). As regulatory pressures rise, more exchanges might follow suit, raising concerns for investors seeking to reclaim their funds.
Remittix is quickly gaining ground as a serious crypto player, especially after raising over $15.9…
XRP is standing out with exceptional strength amid broader volatility in the crypto market. Analysts…
Ethereum has shown signs of life, but traders aren’t fully convinced just yet. With $2,500…
PEPE & Shiba Inu Face Uneven June PEPE experienced notable volatility in late June, rallying…
Cardano has officially surpassed 111 million transactions on its network, marking a major milestone for…
Something big is happening behind the scenes in the Bitcoin market. While most retail investors…
