Is it going well?
Summary
- The Financial Supervisory Service announced that it will confirm compensation for user damages due to the outage incident of cryptocurrency exchanges.
- Exchanges are required to review compensation for user damages and establish a Business Continuity Plan to prevent recurrence.
- It was reported that the domestic cryptocurrency exchange apps experienced access and transaction delays due to the recent martial law situation.
The Financial Supervisory Service has reportedly demanded measures to prevent recurrence and confirmed compensation for user damages related to the recent cryptocurrency exchange outage caused by the martial law situation.
According to the industry on the 6th, the Financial Supervisory Service plans to check whether exchanges compensate for user damages and demand measures to prevent recurrence regarding the outage issue of cryptocurrency exchange applications. It is also known that they plan to inspect whether 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 transactions.
Bloomingbit Newsroom
news@bloomingbit.ioFor news reports, news@bloomingbit.io
![[For QA testing] Bank of Korea holds policy rate at 2.50% a year…sixth straight freeze](https://media.bloomingbit.io/STG/news/dc2edd6b-0d6d-4232-9639-aacfda2a12ee.webp?w=250)