Financial Supervisory Service Demands Measures to Prevent Recurrence of Cryptocurrency Exchange Outages
Bloomingbit Newsroom
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- The Financial Supervisory Service announced that it has demanded measures to prevent recurrence and checked on compensation for user damages related to the recent cryptocurrency exchange outages.
- The Financial Supervisory Service stated it will check whether exchanges have established a Business Continuity Plan (BCP).
- It emphasized the need for active response measures by exchanges to minimize user damages.
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The Financial Supervisory Service has reportedly demanded measures to prevent a recurrence of the cryptocurrency exchange outages caused by the recent martial law situation and is checking on compensation for user damages.
According to industry sources on the 6th, the Financial Supervisory Service is demanding measures to prevent recurrence of the app outage issues at cryptocurrency exchanges and plans to verify whether exchanges are compensating users for damages. It is also known to be checking if the Business Continuity Plan (BCP) is well established.
Meanwhile, on the 3rd, as martial law was declared, domestic cryptocurrency exchanges such as Upbit and Bithumb experienced delays in app access and trading.
