South Korean Police Have Taken Measures to Freeze LFG Funds

South Korean police have taken measures to freeze LFG's funds. The Seoul Police Department's Cybercrime Investigation Unit 1 said it recently asked exchanges to "freeze" to prevent LFG from withdrawing corporate funds from accounts held by crypto exchanges. The police explained that the LFG had a tip-off of suspected embezzlement of criminal funds and took the freeze measure as a matter of urgency. However, the freezing measures requested by the police are not mandatory by law, but are something that the exchanges are free to implement, so the actual extent of the restrictions on withdrawing funds has not been confirmed.