South Korea tightens crypto checks after Bithumb’s $40b error
FSC orders five‑minute balance checks, auto kill switches, and monthly audits at Korean crypto exchanges after Bithumb’s $40b payout error. Summary South Korea’s financial regulator will force exchanges to reconcile user balances with on-chain holdings every five minutes after Bithumb’s multi‑billion dollar payout error. The new regime adds automatic trading halts on major mismatches, monthly
