Bank of Korea Recommends Circuit Breakers for Cryptocurrency Exchanges Following Erroneous Distribution of Approximately 620,000 Bitcoins

Calls for the Establishment of Dual-Confirmation Systems and Abnormal Transaction Suspension Features

According to a report by South Korea's Newsis on the 13th, the Bank of Korea published its 2025 payment report on the same day, proposing regulatory responses following a major mis-transfer incident at the cryptocurrency exchange Bithumb in February this year. The report explicitly states the need for the cryptocurrency industry to consider implementing transaction suspension features akin to the stock market's circuit breakers.

On February 6th this year, Bithumb...