Upbit, Bithumb, Coinone Submit Server Expansion Plans to Financial Supervisory Service…"Measures to Address System Failures"

It has been revealed that major domestic virtual asset (cryptocurrency) exchanges have submitted plans to the financial authorities containing measures to respond to on-site inspections related to system failures.

According to industry sources on the 20th, Upbit, Bithumb, and Coinone, the Korean won virtual asset exchanges, submitted countermeasures related to system failures that occurred after the declaration of martial law last month to the Financial Supervisory Service.

Previously, on the 3rd of last month, there was a delay in access during the martial law situation at these exchanges. In response, the exchanges prepared measures to prevent similar system failures in the future and delivered them to the Financial Supervisory Service. It is understood that this includes adding a contract to temporarily expand additional available capacity when traffic exceeds a certain amount, based on exchanges using Amazon Web Services (AWS) cloud.