Upbit announces restrictions on user withdrawals to FTX

ChainCatcher message, South Korean cryptocurrency exchange Upbit has issued a notice regarding the restriction of cryptocurrency asset withdrawals to the FTX exchange. Upbit stated that due to internal circumstances at the FTX exchange, withdrawals to FTX have been suspended. Due to the nature of virtual assets, once a withdrawal request is completed, it cannot be canceled. If users transfer cryptocurrency assets using the FTX exchange, it may result in asset loss. As part of investor protection measures, Upbit will restrict users from withdrawing to the FTX exchange. (Source link)