[South Korea's FSC Plans to Allow Crypto Exchanges to Freeze Deposits and Withdrawals in Case of Suspected Hacking Threats] BlockBeats reports on November 12 that South Korea's Financial Services Commission (FSC) plans to allow crypto exchanges to preventatively suspend deposit and withdrawal functions when suspected of hacking, rather than only taking action after the incident is confirmed. The FSC will also promote 24/7 monitoring, increase the proportion of cold wallets held, and strengthen insurance and reserves.