Bithumb to resume cryptocurrency withdrawal delay policy on June 17

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According to ChainCatcher's message, based on the official announcement, the Korean cryptocurrency exchange Bithumb announced that due to an increase in phishing attacks, it plans to redeploy the virtual asset withdrawal delay system on June 17, 2025. The first virtual asset withdrawal after Korean won deposit will be delayed by 72 hours, and subsequent virtual asset withdrawals equivalent to Korean won deposits will be delayed by 24 hours.

Examples of the 24-hour withdrawal delay system include: If there are currently 1 million Korean won, and then 2 million Korean won are deposited, totaling 3 million Korean won, only virtual assets worth 1 million Korean won can be withdrawn every 24 hours; if 2 million Korean won are deposited without any previous Korean won balance, virtual asset withdrawals will be restricted for 24 hours, after which 2 million Korean won equivalent virtual assets can be withdrawn.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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