The South Korean Digital Asset Protection Fund has started working to help cryptocurrency users affected by the closure of exchanges. It will complete the transfer of assets from eight companies by the end of the year and already controls funds for about 40,000 users. The Fund will also focus on returning deposits of 200 million won from other companies. Users will be able to retrieve their funds after identity verification via a website that will be launched in January 2025.
12/17/2024 2:35:58 PM (GMT+1)
The South Korean Digital Asset Protection Fund will begin returning funds to users of closed cryptocurrency platforms, totaling 17.8 billion won, including 200 million won in deposits 🔄
254
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China
The Indian district of Dantewada digitized 700,000 land records, securing them using the Avalanche blockchain to enhance transparency and prevent forgery
1inch recovers $5 million stolen after an attack on the old version of the Fusion v1 smart contract, the hacker returned the funds by agreement with the platform
Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
