Upbit, one of the leading cryptocurrency exchanges in South Korea, has announced a temporary suspension of withdrawals for three cryptocurrencies: FTC, KMD, and LBC. The suspension will take effect on December 27, 2023, at 10 PM (KST). Upbit did not provide a specific reason for the suspension, but it is likely related to the ongoing investigation by the Financial Crimes Investigation Unit (FCIU) into the exchange. The FCIU is investigating Upbit over alleged violations of the Electronic Financial Transactions Act. The suspension of withdrawals is a precautionary measure to protect users' funds while the investigation is ongoing. Upbit has assured users that their funds are safe and that they will be able to withdraw them once the investigation is complete. In the meantime, users can still deposit FTC, KMD, and LBC into their Upbit accounts. However, they will not be able to withdraw these funds until the suspension is lifted. Upbit is one of the largest cryptocurrency exchanges in the world, with over 3 million users. The exchange offers a wide range of cryptocurrencies and trading pairs. The suspension of withdrawals for FTC, KMD, and LBC is a major inconvenience for users, but it is important to remember that this is a temporary measure.