Odaily News South Korea’s local cryptocurrency exchanges, including Upbit operator Dunamu, Bithumb and Coinone, have submitted a plan to authorities containing measures to respond to on-site inspections by financial authorities in the event of computer system failures.
The exchanges have already completed measures such as increasing cloud servers that can perform instant processing at a low cost. The Financial Supervisory Service plans to continue checking whether other measures in the plan, such as decentralizing the authentication and registration process and increasing database (DB) server processing capacity, are also clearly implemented.
During the "12/3 Martial Law Incident", the mobile applications of Dunamu, Bithumb, and Coinone experienced connection delays. There were cases where trading was unavailable for as short as 40 minutes and as long as 1 hour and 40 minutes. Afterwards, the three exchanges created their own plans to prevent the same type of computer failure from happening again and submitted them to the Financial Supervisory Service. (infomax)