Upbit suspends transfers over 1 million won with Borabit

ChainCatcher news, South Korea's leading cryptocurrency exchange Upbit announced today that it will suspend digital asset transfers exceeding 1 million KRW (approximately 5,600 RMB) with virtual asset service provider (VASP) Borabit starting from September 25, 2024, at 14:00 (KST). This decision is based on Upbit's regular risk assessment results of VASPs that support large digital asset transfers.