This is why keep preaching for everyone to get off exchanges.
Several crypto trading platforms in South Korea, including the country’s largest, are banning access from Russian IPs, the Yonhap news agency reported on Thursday. Upbit, Korea’s leading digital asset exchange, announced it could reject withdrawal requests related to Russia. It elaborated:
We’ve blocked subscriptions by users in countries which are at high risks of money laundering, in line with the guidelines of the Financial Action Task Force.
The report also reveals that Russian IP addresses have been blocked by Bithumb, Korbit, and Gopax. The latter froze 20 accounts registered by Russian users on Wednesday.