The crypto market fell 1.2% to $2.49 trillion on Thursday as investors 
remained concerned over the ongoing fragile ceasefire between the U.S. and 
Iran. In an April 9 post on Truth Social, United States President Donald Trump 
said that “all…

Will crypto market crash as Trump renews strike threats if Iran violates ceasefire terms?

The South Korea’s Financial Services Commission (FSC) and the Financial 
Supervisory Service (FSS), together with the Digital Asset Exchange 
Association (DAXA) are rolling out unified rules for withdrawal across all 
registered crypto exchanges. A Unified Crypto Withdrawal System From now on, 
all local crypto exchanges are being forced to have one tough, standardized 
withdrawal‑delay regime by South Korean financial regulators. According to the 
Korean outlet News1, the intention behind the new withdrawal delay system for 
crypto exchanges is to prevent damage from voice phishing scams that depend on 
speed. The new criteria for &#8216;withdrawal delay exceptions&#8217;, which according to 
News1 have previously been highly susceptible to criminal exploitation, will 
be standardized. Intensive monitoring will also be conducted on accounts to 
which these exceptions apply. Related Reading: Crypto Trust Crisis — The “Kim 
Jong‑Un Test” Is Exposing Secret North Korean Moles The aforementioned 
vulnerability was created by “exchange‑by‑exchange loopholes” that scammers 
abused, The Korea Times claims. In many of these voice phishing schemes, dirty 
cash is funneled into an account, quickly flipped into crypto, and rushed back 
out again before investigators can track it or lock it down. What The Change 
Really Entails South Korean exchanges have been obliged to hold crypto 
withdrawals for 24 to 72 hours after a deposit since May 2025. This creates a 
buffer window that lets banks and regulators spot and stop suspicious 
transfers. However, the rules include exemptions based on factors like how 
long an account has been open, its past activity, trading size, and any 
history of misconduct. Each exchange has set and applied those standards on 
its own until now. In some instances, accounts slipped into the exempt bucket 
with minimal checks, letting scammers sidestep the waiting period and pull 
funds out almost instantly. Between June and September 2025, 59% of identified 
fraud‑linked exchange accounts sat in these “exception” buckets that dodged 
the delay. Under the new standards, authorities want exception accounts cut to 
under 1% of users. Exchanges are also required to tighten KYC, fund‑source 
checks and monitoring on those accounts Regulators also intend to tighten 
scrutiny of exempt accounts, rolling out stronger, recurring customer checks. 
This includes routine verification of where funds come from, at least once a 
year. Alongside it, a new system designed to more systematically track and 
analyze withdrawal patterns will also be required. To keep inconvenience to a 
minimum, exemptions will still be available when immediate withdrawals are 
genuinely needed, for example, to settle accounts. Market Implications The new 
measure comes on top of other recent strict Korean crypto regulations, like 
AI‑powered transaction surveillance and potential early account freezes for 
suspected manipulators. Just this Monday, the FSC ordered all domestic crypto 
exchanges to have a new 5-minute asset-matching system, as regulators found 
that the existing kill switches of some of the major exchanges were 
unreliable. Related Reading: Binance Deploys PRER Volatility Shield — Here’s 
How New Price Bands Could Hit Your Orders All new users and large fresh 
deposits will face predictable 24–72 hour “cooling‑off” windows before they 
can move coins to self‑custody or offshore venues, which dulls fast‑money 
flows and arb activity. Standardized delays and tighter exemptions make it 
harder for scam rings to spin up fresh accounts across multiple exchanges, but 
they also push sophisticated traders toward long‑term setups, derivatives on 
regulated venues, or non‑Korean liquidity hubs. If the model works and fraud 
metrics fall, Korea’s unified‑delay template is likely to show up in other 
high‑risk jurisdictions as a “best practice” for managing scam‑heavy retail 
flows. Bitcoin bounced back and reclaimed $72k earlier today. At the moment of 
writing, BTC trades for the high $71ks on the daily chart. Source: BTCUSDT on 
Tradingview. Cover image from Perplexity. BTCUSDT chart from Tradingview.

Can’t Move Your Crypto?— Traders Trapped In South Korean Exchanges

Bithumb&#8217;s error highlights the critical need for robust security measures in 
crypto exchanges to prevent costly distribution mistakes.
The post Bithumb seeks to recover 7 Bitcoin after massive distribution mistake 
appeared first on Crypto Briefing.

Bithumb seeks to recover 7 Bitcoin after massive distribution mistake

Bhutan has moved another 319 BTC, taking the total to over 9,000 BTC since 
late 2024, and trimming its sovereign stash by around 70%.

Bhutan moves a further $23M in Bitcoin as holdings drop by 70%

The Ethereum Foundation has begun converting 5,000 ETH into stablecoins to 
support operations and grants, using Cowswap’s TWAP mechanism. The move 
reflects a broader shift away from routine ETH sales toward diversified 
funding strategies. Key Takeaways: Ethereum Foundation sold 5,000 ETH, worth 
approximately $11 million via Cowswap TWAP, reducing market impact on prices. 
EF has […]

Cryptocurrency price in BHD