Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Oxumare on November 28, 2020, 01:46:00 PM

Title: Security limitation to withdraw from Upbit
Post by: Oxumare on November 28, 2020, 01:46:00 PM
Upbit's decision imposed a limitation on cryptocurrency withdrawals as part of an attempt to protect user accounts from malicious attacks.
The new rule, which will take effect from November 28, will allow a digital asset withdrawal equivalent to the total KRW value deposited only 24 hours after a withdrawal request..

I guess, the recent hacking events caused the Upbit Exchange to decide in this direction.
Title: Re: Security limitation to withdraw from Upbit
Post by: ustcoin on November 28, 2020, 09:42:19 PM
 find the upbit exchange doing this wrong. I do not have any accounts in this stock exchange, but still their attitude bothered me. I think they should produce other solutions to the attacks. Limiting the shooting is not the solution. I did not like.
Title: Re: Security limitation to withdraw from Upbit
Post by: hasyurt on November 29, 2020, 10:47:09 AM
Are Upbit stock exchange and bitrexx exchange the same?
Upbit has taken precautions in its own right, but it is a measure that thinks about itself too much. Customers do not welcome such a measure. If I can't withdraw my money whenever I want, I don't need to keep money in the stock market.
Title: Re: Security limitation to withdraw from Upbit
Post by: Oxumare on November 29, 2020, 01:45:48 PM
Quote from: hasyurt on November 29, 2020, 10:47:09 AM
Are Upbit stock exchange and bitrexx exchange the same?

I have no information on this subject.
Perhaps this may seem like a problem for users for now, but I think it will prevent sudden money outflows.Thus, our money in the stock market will be a little more secure.But in my opinion, our investments should be in the wallets in which we know the private key.
Title: Re: Security limitation to withdraw from Upbit
Post by: Hometown on November 29, 2020, 05:38:15 PM
Quote from: Oxumare on November 29, 2020, 01:45:48 PM
Quote from: hasyurt on November 29, 2020, 10:47:09 AM
Are Upbit stock exchange and bitrexx exchange the same?

I have no information on this subject.
Perhaps this may seem like a problem for users for now, but I think it will prevent sudden money outflows.Thus, our money in the stock market will be a little more secure.But in my opinion, our investments should be in the wallets in which we know the private key.
Now a days exchange hacking a common problems in cryptocurrencies market. Already several cryptocurrencies exchange seized by hackers. Kucoin already hacked which created a bad impact on cryptocurrencies exchange reputation