Bithumb incident prompts calls for stricter crypto exchange controls

Bithumb's large-scale virtual asset mispayment incident has led to calls for stricter regulations on crypto exchanges, including real-time verification systems and Proof of Liability (POL) implementation.

Lee Chan-jin: Real-time ledger reconciliation needed for crypto exchanges

FSS chief Lee Chan-jin calls for real-time ledger reconciliation in crypto exchanges, criticizes Bithumb's delayed system upgrade, and emphasizes stricter regulations in upcoming legislation.

Bitcoin falls below 100 million won on Upbit

Bitcoin price falls below 100 million won on Upbit, major altcoins also decline. Verachain surges 83% amid market downturn. Experts debate potential for dead cat bounce or further decline.