đ South Korea's crypto scene just got a safety net! The Digital Asset User Protection Foundation is here to rescue funds stuck in defunct exchanges. Approved by the FSC, this superhero squad will start its mission in October.
đŠžââïž With 10 out of 22 exchanges already closed and 3 more on pause, users' funds need a new home. The foundation will swoop in, consult with exchanges, and transfer assets to a secure bank and a reliable KRW-based exchange.
đ Users, stay tuned! The foundation will reach out with return instructions. Backed by the government, this initiative promises smoother sailing for crypto enthusiasts. đ
Source: FSC Korea
