PANews reported on June 24 that according to Money Today, the Korea Digital Asset Exchange Association (DAXA), which consists of the five major cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit and Gopax), announced that from June 24, all fiat-to-cryptocurrency exchanges in South Korea will adopt a withdrawal delay system. The measure is intended to prevent voice phishing scams, in which criminals exchange stolen funds for virtual assets. Although some exchanges have previously voluntarily implemented similar systems, there are differences in standards and processes across platforms, which has raised concerns about the overall effectiveness of these measures in preventing such scams.