official (Korea Financial Services Commission press release, Nov 12, 2026)
South Korea will let crypto exchanges freeze deposits and withdrawals when a hack is only suspected, and wants bank-level security from them
- The FSC cites the Binance hack as showing that fast blocking is decisive; it follows the Nov 6 GOPAX trading halt.
- The planned Digital Asset Act would give exchanges bank-like security duties and liability for damages.
Sources: Financial Services Commission (Korea) press release, Nov 12, 2026: security measures for virtual asset service providers