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South Korean virtual asset exchange Flata has suspended cryptocurrency deposit and withdrawal services

South Korean virtual asset exchange Flata has stopped using the Travel Rule solution at the end of last month, and the exchange and Client Server have been disrupted, preventing users from depositing and withdrawing more than 1 million won. Due to operational difficulties, its office in Seoul has been labeled "rented". Despite warnings from financial authorities, its cryptocurrency deposit and withdrawal services have been repeatedly suspended.