Newsis reported that the Bank of Korea stated that in order to prevent the so-called 'Bithumb erroneous payment incident,' where tens of trillions of won worth of Bitcoin were incorrectly paid, the virtual asset industry needs to introduce devices like circuit breakers. The BOK argued that an IT system is necessary to ensure the real-time, automatic verification of consistency between the exchange's internal ledger for virtual assets and the balance on the blockchain, and to prevent erroneous payments caused by human error in advance. It also analyzed that it is necessary to consider the introduction of systemic devices such as the Korea Exchange's circuit breaker, which blocks abnormal transactions including large orders, or suspends transactions when rapid fluctuations in virtual asset prices occur.
